Gulf Arab nations put into force a monetary pact Tuesday, moving a step closer toward the elusive goal of a single regional currency and greater integration between the mainly oil-rich states.

The UAE dirham is the currency of the United Arab Emirates. It is subdivided into 100 fils. It is pegged to the U.S. dollar and is among the world’s most stable currencies.

DOHA, Qatar — Venezuelan President Hugo Chavez sought Arab support today for his idea of a new oil-backed currency to challenge the U.S. dollar at a twin-region summit whose agenda focuses on ...

Algerian President Abdelmadjid Tebboune said at the plenary session of the St. Petersburg International Economic Forum (SPIEF) on Friday that his country is interested in creating a single Arab ...

Mohamed El-Erian, Currency Substitution in Egypt and the Yemen Arab Republic: A Comparative Quantitative Analysis, Staff Papers (International Monetary Fund), Vol. 35, No. 1 (Mar., 1988), pp. 85-103 ...

RIYADH, Dec 9 (Reuters) - President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing's goal to establish its currency ...

Arab anti-Zionist agitators will refuse to accept Palestine currency and banknotes bearing Hebrew inscriptions, according to a report published by the Arab newspaper, “Assiassa”.