Monetary Union
Saudi Arabia is a member of the Cooperation Council for the Arab States of the Gulf, which planned a monetary union with a single currency by 2010. However, as of October 2012, it remains to be implemented.
Read more about this topic: Saudi Riyal
Famous quotes containing the words monetary and/or union:
“In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.”
—Ezra Pound (1885–1972)
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—Rutherford Birchard Hayes (1822–1893)