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)
“[With the Union saved] its form of government is saved to the world; its beloved history, and cherished memories, are vindicated; and its happy future fully assured, and rendered inconceivably grand.”
—Abraham Lincoln (1809–1865)