Trade Arabia – Economy
Gulf Arab states will reconsider a 2010 deadline for monetary union at a autumn meeting as the single currency plan is hindered by rapid economic growth and soaring inflation, the Saudi central bank governor said.
‘2010 is too soon and therefore it is a big challenge,’ Hamad Saud Al-Sayyari told Al Arabiya television.
‘The programme will be discussed and reconsidered at a joint meeting with finance ministers this autumn,’ he said in remarks aired on Tuesday.
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