Riyadh, Asharq Al-Awsat- Governors of the GCC monetary agencies and central banks in the GCC will hold their 40th meeting in Abu Dhabi on Tuesday.
The meeting will discuss measures taken to implement resolutions of the last Supreme Council’s session held in Abu Dhabi in December 2005 regarding the timetable of implementing the monetary union, issuance of the GCC unified currency, and the standards of economic performance needed to ensure success of the Monetary union. The meeting will also review the conclusions reached by the technical committees stemming from Governors Committee on banking monitoring and unifying the characteristics of payment system, the Gulf network to connect the GCC National ATM Network, and training human resources in the banking sector. Governors of GCC banking establishments and central banks will be briefed on the arrangements for convening the seminar on the unified Gulf currency organized by the GCC Secretariat General. The seminar to be held from 11-12 April will be organized in cooperation among the Chamber of Commerce and Industry, UAE’s Central Bank, the GCC Chamber of Commerce, UAE’s Union of Commerce and Industry Chambers and Dubai Chamber of Commerce and Industry. A number of financial and monetary issues as well as the latest developments in this regard.