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GCC monetary Union is not possible without UAE: Al Attiyah

posted on 08/11/2010: 754 views


As the second largest Gulf economy, the UAE is a basic element in the GCC Monetary Union and Single Currency, the GCC chief affirmed yesterday.

'The Gulf Monetary Union will not come to life without the UAE,' Secretary-General of GCC Abdul Rahaman bin Hamad Attiyah said on the sideline a seminar on 'Gulf Common Market: From Cooperation to Integration', hosted by the Ministry of Finance in Dubai.

Al Attiyah hoped the UAE would reconsider its position on joining the Gulf Monetary Union.

He said the UAE is the first country among the GCC member states when it comes to commitment to and implementation of GCC resolutions.

He indicated that many GCC citizens are now living, working and investing in the UAE and enjoying equal treatment just like UAE citizens.– Emirates News Agency, WAM

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