September 29, 2009The Committee of Governors of Monetary Agencies and Central Banks in GCC Hold its 49 in Abu Dhabi
Secretariat - Riyadh:
Held in Abu Dhabi on Tuesday, 29/9/2009, Forty-ninth meeting of the Committee of Governors of Monetary Agencies and Central Banks in the GCC States to Gulf Arab states.
The Commission will discuss during the meeting a number of issues in the forefront of what the Commission is concerned the decision of the Supreme Council on the proposal of the Custodian of the Two Holy Mosques to speed up performance and eliminate the obstacles that obstruct the march of joint economic action and visuals of the Advisory Body of the Supreme Council on the phenomenon of high inflation rates in GCC countries and the mechanisms proposed to address them, which approved by the Supreme Council at its (29), which was held in Muscat last December.
The meeting will discuss the recommendations of the technical committees operating under the Commission and on the preparations for monetary union of the GCC (the technical committee for the currency union, and the technical committee for payment systems, and the Commission on control and supervision of the banking system). We will also review the financial and monetary developments, the Council states.
