Monetary Integration Prospectives :A study in the Experience of Arab Gulf Cooperation Council countries (GCCCs)

Abstract

The structural Similarity of Arab Gulf economies and the harmony of its economic, Financial and monetary Policies ,besides, as it is an optimum Currency area , that determine adopting fixed exchange rates Policy, also founding a uniform Currency has economically justifiable and notable reasons as it provide a strong and stable Currency Which Will have a status among the World leader Currencies, that will set aside financial stocks in abroad from foreign Currencies values depreciation .Moreover, affirming the significance of giving up Pegging with dollar Which is as Common anchor ,and replacing it with basket of Currencies based on import-Weighted index of GCCCs from currencies, which Consists this basket .Further, Euro is an alternative to be taken into consideration of suggested Uniform Currency exchange rate system.

Keywords

• monetary integration
• monetary integration for gcc
• proposed gulf currency