Saudi central bank to head new Gulf monetary union
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The head of Saudi Arabia's central bank on Tuesday was named the first chairman of a council that will serve as the precursor to a regional central bank in the latest step toward a unified Gulf currency and greater economic integration.
Saudi Arabian Monetary Agency head Mohammed al-Jasser's appointment came during the first meeting of the newly-created Gulf Monetary Council - a body that groups together the OPEC kingpin, as well as Kuwait, Bahrain and Qatar. (AP)
