EXCLUSIVE - Gulf revaluation talks due in days - Bahrain


  • World
  • Saturday, 08 Dec 2007

MANAMA (Reuters) - Gulf Arab policymakers will meet within days to discuss currency revaluations after the oil producing region's rulers agreed to keep exchange rates pegged to the weakened dollar, Bahrain's foreign minister said on Saturday. 

Other Gulf states preparing with Bahrain for monetary union as early as 2010 have declined say whether they are considering revaluation after agreeing at a summit last week to keep any reform talks secret, to avoid stirring market speculation. 

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