Gulf petro-powers to launch currency in latest threat to dollar hegemony

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Gulf petro-powers to launch currency in latest threat to dollar hegemony

posted on Dec 16, 2009 11:56AM

The Arab states of the Gulf region have agreed to launch a single currency modelled on the euro, hoping to blaze a trail towards a pan-Arab monetary union swelling to the ancient borders of the Ummayad Caliphate

By Ambrose Evans-Pritchard
Published: 7:12PM GMT 15 Dec 2009

http://www.telegraph.co.uk/finance/economics/6819136/Gulf-petro-powers-to-launch-currency-in-latest-threat-to-dollar-hegemony.html

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