UAE billionaire calls for centralized GCC currency

UAE billionaire calls for centralized GCC currency

ALBAWABA – Chairman of the board of directors of the United Arab Emirates (UAE)’s Al Habtoor Group and Emirati billionaire Khalaf Habtoor reportedly voiced his support for a centralized regional currency on Tuesday.

Habtoor’s envisioned currency would be unified across countries of the Arab Gulf Cooperation Council (GCC), along with Jordan and Egypt, according to Arabic financial news outlet Amwal Alghad.