The GCC is made up of UAE, Kuwait, Bahrain, Oman, Saudi, Qatar. Yemen I believe are currently negotiating and are not a full member. Whilst of course this is a positive step and the above have strongish exchange rates to assume the same will happen for Iraq and their exchange rate is pushing the boundaries a little too much. It's not a precursor to membership.
The positives of membership to the GCC are things like strengthening ties within these countries, improving the private sectors and encouraging investment etc....
As for a common currency for all of them this is still pie in the sky as nothing has been agreed and will probably take another 3 years if it does occur. First a Currency Union would have to be brought in next year and with everyone agreeing it will take another 2 years at least IMO.
Sorry, old Medic Boy needs a Medic, and a Shrink, straight jacked, padded cell..........
Feel free to copy this reply to the other forum but you'll probably get banned.
The positives of membership to the GCC are things like strengthening ties within these countries, improving the private sectors and encouraging investment etc....
As for a common currency for all of them this is still pie in the sky as nothing has been agreed and will probably take another 3 years if it does occur. First a Currency Union would have to be brought in next year and with everyone agreeing it will take another 2 years at least IMO.
Sorry, old Medic Boy needs a Medic, and a Shrink, straight jacked, padded cell..........
Feel free to copy this reply to the other forum but you'll probably get banned.