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Gulf Arab states move closer to single currency


Wednesday, December 16, 2009

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Gulf Arab nations put into force a monetary pact Tuesday, moving a step closer toward the so-far-elusive goal of a single regional currency and greater integration between the mainly oil-rich states. The announcement by Kuwait's finance minister came as leaders from the six-nation Gulf Cooperation Council (GCC) wrapped up a two-day summit in which.


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Tags: Bank, Gulf, Iran, Kuwait, Nations, Nuclear, Official, Oman, Saudi Arabia, Shiite, War, World, Yemen

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