GCC central bankers set targets for monetary union

[Jerry]

Sunday, March 20, 2005

Riyadh


Gulf Arab central bankers have agreed a set of monetary and financial targets which they hope will pave the way to unifying their six currencies by 2010, a senior official said....

http://www.tradearabia.net/tanews/newsdetails.asp?Ref=S&Article=84110&Sn=&Cnt=31

[Melech Shel Hofesh]

"The mainly GCC countries have largely similar economies and have already established a customs union. They plan to set up a common market by 2007 and to unify their dollar-pegged currencies three years later."

Common market on the horizon. Hmm. Gotta run some more numbers. (With some attention on the E.U. model). MAN I love Futures. They're what true gamblers enjoy.

Liked the reading, Thanks J.

[Tyreds Tale]

..... which they hope will pave the way to unifying their six currencies ....

Six! That should be seven! What will it take to get Iraq included!

[Jerry]

A stronger GDP / GNP

[Dinaress]

Yemen was also in the running for joining the GCC
here is a country analysis website to search for GDP/GNP on all the countries.

http://www.cia.gov/cia/publications/factbook/geos/ym.html