GCC not agreed on central bank location


“A signature is still not there on the agreement because there is still no agreement on the location and currency of the central bank,” Central Bank Executive President Hamood Sangour al-Zadjali said. GCC rulers were likely to meet in May to discuss the location for a common central bank, he said. After a location was decided, policymakers would decide whether the currency would be pegged to the US dollar, he said.



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