The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

FX: GCC sets 2013 date for single currency

This story was first published on theweeklyFiX, for more details please click here

Officials from the Gulf Cooperation Council have set 2013 as the new deadline for the region’s common currency, according to Standard Chartered, quoting local media reports. The initial deadline for the project was 2010 but progress has been slow and complex, with both Oman and the UAE pulling out of the union. Despite this, Bahrain, Kuwait, Qatar and Saudi Arabia have decided to go ahead. But Standard Chartered says that even if the union is effected, excluding the UAE means the region’s second-largest and most diversified economy will be outside it.

This story was first published on theweeklyFiX, for more details please click here

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?