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GCC to scrap 2010 single currency deadline
- Saudi Arabia: Tuesday, June 24 - 2008 at 15:39
Saudi Arabia's central bank governor said a 2010 deadline for the GCC monetary union is 'too soon' as the single currency plan is hampered by economic growth and soaring inflation, reported Reuters. Hamad Saud Al-Sayyari said the target date will be reconsidered at at a joint meeting with finance ministers this autumn.
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Jeff Florian, Senior ReporterTuesday, June 24 - 2008 at 15:39 UAE local time (GMT+4)
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