3/30/2010
UAE, Oman still welcomed to join GCC Monetary Council - Al-Jasser
RIYADH, Suleiman Al-Jasser, Governor of Saudi Arabian Monetary Agency (SAMA), said here Tuesday that the UAE and Oman were still welcomed to join the GCC Monetary Council.
This came at the conclusion of first meeting for the Board of Directors of the GCC Monetary Council.
Al-Jasser told the press that the meeting had been very crucial within the GCC countries' intentions to unify their monetary policies.
The official urged not setting a date for the launch of the single currency especially with the current political and economic status quo.
Al-Jasser, who was chosen as the head of the council, lauded the economic cooperation amongst GCC states, saying that such understanding would help create a strong regional economy.
Meanwhile, Saudi King Abdullah bin Abdullah Aziz met here today with members of the council.
The King hoped that the council would carry on its role to develop the monetary scene in the GCC region.
The GCC is made up of Kuwait, Saudi Arabia, Bahrain, Qatar, Oman and the UAE.
KUNA 302015 Mar 10NNNN
