ABSTRACT
Since the early 1980s, the AGCC states have undertaken many steps towards economic integration. In the year 2000, they marched on a significant stride, that is, towards an advanced stage of economic integration – the AGCC MU. A working plan and a timetable to establish a single AGCC currency have been devised and drawn up. The AGCC monetary authorities have finalized the agreement conclusively on the economic convergence criteria, methods of their calculation and the levels of these criteria. The fulfilment of the criteria is planned to be effected between 2007 and 2010, the period in which a single currency will be introduced.
