Wed 2009-12-16 15:38 EST
Gulf petro-powers to launch currency in latest threat to dollar hegemony - Telegraph
The Arab states of the Gulf region have agreed to launch a single currency modelled on the euro, hoping to blaze a trail towards a pan-Arab monetary union swelling to the ancient borders of the Ummayad Caliphate...``The US dollar has failed. We need to delink,'' said Nahed Taher, chief executive of Bahrain's Gulf One Investment Bank.
dollar hegemony; Gulf petro-powers; latest threat; launching currency; Telegraph.