I'll say yes, and I would set it at exactly $1 (US)....
The main source of income for the region is Oil & Gas, and we all sell it in US dollars, using a "basket" of currencies would probably complicate it more than it should.
It makes both intra-gcc and foreign trade easier, as well as shopping online :) .
Let every country print its own currency under the current names, but all with the same value . This will allow us to have pictures of animals, and the other countries the pictures of their rulers.
So Qatari Riyal= Saudi Riyal = Omani Riyal = UAE Dirham = Bahraini Dinar = Kuwaiti Dinar = US Dollar.
Yes. But before that, they should have a well defined currency baskets for Euros, Yens, Dollars and Pounds.
A unified GCC currency will facilitate smooth flow of money and exchange transactions. It will have an effect to Currency Exchange Houses but soon will be stabilized as perceived by business/ economic wizards.
Yes. But before that, they should have a well defined currency baskets for Euros, Yens, Dollars and Pounds.
A unified GCC currency will facilitate smooth flow of money and exchange transactions. It will have an effect to Currency Exchange Houses but soon will be stabilized as perceived by business/ economic wizards.
Yes. But before that, they should have a well defined currency baskets for Euros, Yens, Dollars and Pounds.
A unified GCC currency will facilitate smooth flow of money and exchange transactions. It will have an effect to Currency Exchange Houses but soon will be stabilized as perceived by business/ economic wizards.
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No.,but if ever,they should unite first as UAE or USA did.
Yes..put this question in a forum thread..worth discussing
I'll say yes, and I would set it at exactly $1 (US)....
The main source of income for the region is Oil & Gas, and we all sell it in US dollars, using a "basket" of currencies would probably complicate it more than it should.
It makes both intra-gcc and foreign trade easier, as well as shopping online :) .
Let every country print its own currency under the current names, but all with the same value . This will allow us to have pictures of animals, and the other countries the pictures of their rulers.
So Qatari Riyal= Saudi Riyal = Omani Riyal = UAE Dirham = Bahraini Dinar = Kuwaiti Dinar = US Dollar.
OFFCOURSE YES, It is the high time to get UNITED in the time of financial crisis all around.
To manage and bargain on oil prices, US$ unpegged are certainly some measures which will help GCC to regain its identity.
NOT quite sure...
but they have some plans ..
Qatar is the first country to propose it..
as per my knowledge
NOT quite sure...
but they have some plans ..
Qatar is the first country to propose...
as per my knowledge
Yes. But before that, they should have a well defined currency baskets for Euros, Yens, Dollars and Pounds.
A unified GCC currency will facilitate smooth flow of money and exchange transactions. It will have an effect to Currency Exchange Houses but soon will be stabilized as perceived by business/ economic wizards.
Yes. But before that, they should have a well defined currency baskets for Euros, Yens, Dollars and Pounds.
A unified GCC currency will facilitate smooth flow of money and exchange transactions. It will have an effect to Currency Exchange Houses but soon will be stabilized as perceived by business/ economic wizards.
Yes. But before that, they should have a well defined currency baskets for Euros, Yens, Dollars and Pounds.
A unified GCC currency will facilitate smooth flow of money and exchange transactions. It will have an effect to Currency Exchange Houses but soon will be stabilized as perceived by business/ economic wizards.
1) NO
2) I Don't Know