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Saudi Cenbank Head Named New Gulf Monetary Chief - ASHARQ AL-AWSAT English Archive
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RIYADH, (Reuters) – Muhammad Al-Jasser of the Saudi Arabian Monetary Agency will be the first chairman of the Gulf monetary council, expected to be the precursor to a common central bank, Jasser said on Tuesday.

The deputy will be Rasheed al-Maraj, the central bank governor of Bahrain, according to a statement read out by Jasser at a meeting of the four Gulf States taking part in the common currency project, Saudi Arabia, Bahrain, Qatar and Kuwait.

Central bankers from four Gulf oil producing states launched on Tuesday the joint monetary council, which is expected to lay the foundations for a regional central bank and prepare the launch of a single currency in a nearly decade-old plan.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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