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.