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GCC monetary union slow progress
- Kuwait: Monday, May 23 - 2005 at 09:50
GCC central banks should be prepared to give up some of their monetary powers to a common monetary authority to make the single currency a success, Central Bank of Kuwait Governor Sheikh Salem Abdulaziz Al Sabah told Kuwaiti daily Al Watan. He said that GCC states have made only modest progress towards laying the ground for a planned single currency by 2010.
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James McInerney, News EditorMonday, May 23 - 2005 at 09:50 UAE local time (GMT+4)
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This article was updated on Fri Oct 27 2006.
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