The GCC "Euro"

News today that the six-nation Gulf Cooperation Council (GCC) is on track to launch a common currency by 2010. The GCC includes the UAE, Saudi Arabia, Qatar, Bahrain, Kuwait and Oman. It's an interesting development from the perspective of the regional balance of power and in the context of recent elections in many of these oil-rich states. Start collecting your coins and bills, especially the Omani rial, which is really beautiful in my opinion.