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Kuwaiti official urges UAE and Oman to reconsider joining GCC monetary union

Kuwait’s Finance Minister Mustafa al-Shimali announced he will to persuade the...


December 12, 2009 9:12 by

Kuwait’s Finance Minister Mustafa al-Shimali announced he will try to persuade the UAE and Oman to reconsider joining the GCC’s long-awaited monetary union, Kuwait’s official news agency Kuna reported.

With both nations on board, explained al-Shimali, the currency will have greater pull worldwide.

GCC nations participating in the monetary union are expected to meet next month to establish a common central bank, Kuna reported.


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