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UAE pulls out of GCC Monetary Union. Bleak future for Khaliji Predicted

UAE pulls out of GCC Monetary Union. Bleak future for Khaliji Predicted

In an egoistic move, UAE has pulled out of the proposed GCC monetary union and said it will keep its currency pegged to the dollar, three weeks after it was announced that the bloc’s central bank will be based in Riyadh, Arabian Business reports. Sultan Nasser Al Suwaidi, governor of the UAE central bank, said […]

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