Gulf states face inflation threat to single currency

High and increasingly divergent levels of inflation among Gulf Co-operation Council states look set to derail the region's goal of European Union-style monetary union by 2010. Previously, central bankers in the region have only privately acknowledged the likelihood that the 2010 deadline will be missed; however they are increasingly willing to acknowledge this publicly as costs of living in the region spiral.

Recent comments from United Arab Emirates central bank governor Sultan bin Nasser Al

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