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GCC currency project should move forward – Qatar central bank official

Qatar's central bank has said GCC oil exporting countries should learn from the euro zone debt crisis, but press on with their own monetary union project, Reuters has reported. "I think that the GCC countries should benefit from the euro experience and continue with the GCC monetary union project without a delay," Khalid Alkhater, director of research and monetary policy at the bank, told the news service. "...The costs of not establishing it could be very high for the GCC countries...in the future," said Alkhater.