* Gulf reiterates commitment to single currency
"18 October 2009
MUSCAT: Gulf finance ministers and central bank governors yesterday reiterated their commitment to a monetary union and a single currency which four states plan to launch next year. The top officials from Bahrain, Kuwait, Qatar and Saudi Arabia meeting in Muscat called on the United Arab Emirates and Oman, which have previously withdrawn from the plan, to rejoin."
*Central Bank Advised to Cut Dollar Holding
"To effectively cope with the globally weak dollar, the government should make an all-out effort not only to stabilize the won's value against the greenback, but also to increase a portion of gold, the euro and other non-dollar assets in the nation's foreign exchange reserves, Korea Institute of Finance (KIF) said Sunday."
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