Relevant:
- Four GCC countries to announce common currency by end-December
- UAE & Other Gulf Countries Urged to Switch Currency Peg from the Dollar to a Basket That Includes Oil
- Gulf Arabs pick Riyadh as joint c.bank headquarters
- Will the New GCC Single Currency Include Gold?
- Saudis Risk Draining Financial Assets in 5 Years, IMF Says
2008-05-27 — washingtonpost.com
``Citing a U.S. Treasury report to Congress that for the first time mentioned currency and inflation issues in the six-member Gulf Cooperation Council, Merrill said the United States government had become more confident about the outlook for the dollar and therefore did not necessarily need Gulf support for its currency.'' -- A sell signal?
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