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IPFS News Link • Federal Reserve

Late 2009 Dollar Demise: Gulf Cooperation Council to create new currency

Gulf Cooperation Council leaders yesterday concluded their 29th annual summit meeting in Muscat, Oman with a final approval for the creation of a single currency for the six-nation economic bloc, still targeted for 2010.

1 Comments in Response to

Comment by Brock Lorber (11655)
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You know, I was at a dinner party recently where someone looked into their crystal ball and predicted the Sauds removing their dollar peg (although he predicted early 2009). I don't remember who it was, other than he was a handsome devil.