Single Gulf currency goal, not hope – CBK chief

Central Bank of Kuwait (CBK) Governor Sheikh Salem Abdelaziz Al-Sabah stated that the planned single Arabian Gulf currency is a goal, rather than a hope. He also underlined the fact that key steps would be taken ahead of the issuance of the Gulf currency, chiefly the launching of a uniform Gulf central bank as a congenial legal and institutional ground.
He added that the Gulf Monetary Council is facing diverse challenges, primarily a necessary strong and sound legislative, financial and institutional infrastructure.

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