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12-16-2009, 07:30 AM #1
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Gulf petro-powers to launch currency latest threat to dollar
The move will give the hyper-rich club of oil exporters a petro-currency of their own
Gulf petro-powers to launch currency in latest threat to dollar hegemony
The Arab states of the Gulf region have agreed to launch a single currency modelled on the euro, hoping to blaze a trail towards a pan-Arab monetary union swelling to the ancient borders of the Ummayad Caliphate.
By Ambrose Evans-Pritchard
Published: 7:12PM GMT 15 Dec 2009
“The Gulf monetary union pact has come into effect,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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