RSS Feed (xml)
single currency on time in January 2010 , the undersecretary of the
finance ministry said on Monday, a day after the ministry demanded a
delay. "Kuwait strongly supports the Gulf monetary union and the
launch of single currency as scheduled next January," Khalifa Hamada
said in a statement cited by the official KUNA news agency. "Kuwait
is keen to cooperate with its partners in the Gulf Cooperation
Council (GCC) at all levels to speed up the completion of all issues
related to launching the single currency on its target date in
January 2010. " On Sunday, a statement by the finance ministry
carried by KUNA called for a delay in the 2010 launch date to allow
committees and concerned parties to complete unfinished technical
issues. Kuwait was one of four Gulf states to sign a pact in June to
create a joint monetary union council and launch the monetary union
and single currency with Saudi Arabia, Qatar and Bahrain the other
signatories.
