مستقبل العملة الموحدة في الاتحاد النقدي لمجلس التعاون الخليجي – دراسة قانونية واقتصادية –

Abstract

The institution of the Arab Gulf Monetary Union as well as the emission of a unified currency are of a great economic and legal importance, due to the unification of legislations agreed upon by the Gulf Cooperation Council Countries. This, in its turn, leads to the unification of the entities, authorized to enact the laws pertaining to the emission of the new currency, which requires mechanisms that guarantee the economic complementarity; in addition to the common market, notably that the currency union is an advanced step on the way of this complementarity and needs a common stock market between its member States. In addition to this legal perspective, this phase comprises economic measures, too, particularly, the deepening and inculcation of the economic complementarity between GCC countries through the consolidation of the commercial action that enhances this new economic integration in the face of the political and economic crises, whether at the regional or at the global scales in order to keep pace with the accelerating evolutions at the global economic scene.