Gulf finance ministers and central bank governors on Saturday reiterated their commitment to a monetary union and a single currency which four states plan to launch next year.
The top officials from Bahrain, Kuwait, Qatar and Saudi Arabia meeting in Muscat called on the United Arab Emirates and Oman, which have previously withdrawn from the plan, to rejoin.
They also discussed pending issues related to the finalisation of a trade union and the joint railway project that is due to link the six Arab countries of the Gulf.
‘Once the countries that are members agree, we will work on setting up the Gulf central bank and launch the project of the common currency,’ the Gulf Cooperation Council (GCC) said after the meeting.
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