Unified Gulf Currency by 2012
By 2012, the countries of the Persian Gulf (or Arabian Gulf) would be united in a single currency and would be under a united economic umbrella. Thus far, a few currency models are chosen. The new currency will be written along the EU Euro, or a unity between the US Dollar, the Japanese Yen or would rise and fall with gold prices. Not much is revealed so far, but the models which I got in the e-mail.
A- One-Half Dinar:
Face: Features the logo of the Gulf Countries Union as well an illustration of a Gulf youth in traditional attire.
Back: Features the making of the 'Gallaf', or ships and vassals, and also an Arabian coffee "Dallah".
B- One Dinar:
Face: Also shows the logo of the Gulf Countries' Union, as well as an illustration of a gulf youth reading the Qur'an behind a mosque.
Back:
Right: Features an incense burner,
Left: Features a weaver.
C- Five Dinars:
Face: Features (again) the logo of the Gulf Countries' Union and a youth in a Thobe and Gutrah reading the Qur'an.
Back:
Right:: Features a blower.
Left: Features the Kattatieb, or young schools.
Reaction:
My reaction is largely positive, because the mere name of the Dinar (while it might cause discomfort for people used to Riyals or Derhams) is very culturally significant; it was what money was for a very long time. It could be financially supportive in a big way (I wouldn't know, seeing I know very little about finance), but most banks are still studying it. It does seem like it would come out soon, and my hope is that other countries would tie their banks together like the Euro.
A- One-Half Dinar:
Face: Features the logo of the Gulf Countries Union as well an illustration of a Gulf youth in traditional attire.
Back: Features the making of the 'Gallaf', or ships and vassals, and also an Arabian coffee "Dallah".
B- One Dinar:
Face: Also shows the logo of the Gulf Countries' Union, as well as an illustration of a gulf youth reading the Qur'an behind a mosque.
Back:
Right: Features an incense burner,
Left: Features a weaver.
C- Five Dinars:
Face: Features (again) the logo of the Gulf Countries' Union and a youth in a Thobe and Gutrah reading the Qur'an.
Back:
Right:: Features a blower.
Left: Features the Kattatieb, or young schools.
Reaction:
My reaction is largely positive, because the mere name of the Dinar (while it might cause discomfort for people used to Riyals or Derhams) is very culturally significant; it was what money was for a very long time. It could be financially supportive in a big way (I wouldn't know, seeing I know very little about finance), but most banks are still studying it. It does seem like it would come out soon, and my hope is that other countries would tie their banks together like the Euro.