GCC countries under One currency?

Mohd Fayz
By Mohd Fayz

Dear Friends, what is your opinions regarding One Currency for all GCC countries? 1)Yes or No 2)Reason/s

By rhueljp• 21 Jan 2009 14:58
Rating: 5/5
rhueljp

No.,but if ever,they should unite first as UAE or USA did.

By GodFather.• 21 Jan 2009 14:13
GodFather.

Yes..put this question in a forum thread..worth discussing

By bleu• 21 Jan 2009 13:56
Rating: 5/5
bleu

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.

By Victory_278692• 21 Jan 2009 13:36
Victory_278692

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.

By jack24• 21 Jan 2009 13:14
jack24

NOT quite sure...

but they have some plans ..

Qatar is the first country to propose it..

as per my knowledge

By jack24• 21 Jan 2009 13:14
Rating: 4/5
jack24

NOT quite sure...

but they have some plans ..

Qatar is the first country to propose...

as per my knowledge

By pinoyaccountant• 21 Jan 2009 13:12
Rating: 5/5
pinoyaccountant

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.

By pinoyaccountant• 21 Jan 2009 13:12
Rating: 5/5
pinoyaccountant

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.

By pinoyaccountant• 21 Jan 2009 13:12
Rating: 5/5
pinoyaccountant

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.

By ferozkhan• 21 Jan 2009 12:59
Rating: 5/5
ferozkhan

1) NO

2) I Don't Know

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