MANAMA, March 24 (Reuters) – The 2010 deadline for Gulf Arab single currency will be extended and a new timetable set, senior Gulf officials said on Tuesday, in the first official recognition that monetary union plans would be delayed.
Naser al-Kaud, deputy assistant secretary-general of the six-member Gulf Cooperation Council, told a conference of bankers on Tuesday that a new timetable should be set by the group’s monetary council.
Another GCC official, speaking on condition of anonymity, also told reporters that the deadline would be extended.
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