The 11th meeting of the Board of Directors of the Gulf Monetary Council, comprising of governors of central banks of the member countries of the GCC Monetary Union, started here this evening. Following the meeting, Dr. Mohammed bin Suleiman Al-Jasser, Governor of the Saudi Arabian Monetary Agency, said the meeting reviewed important matters relating to the formation and building of the Gulf Monetary Union, citing the establishment of Gulf State, similar to Euro state, launching of Gulf Unified Currency, the Eurozone crisis, the US diminishing credit classification, the GCC economic unity, etc.
