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)
“Without the power of the Industrial Union behind it, Democracy can only enter the State as the victim enters the gullet of the Serpent.”
—James Connolly (1870–1916)