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President of Algeria voices country’s interest in creating single Arab currency

Abdelmadjid Tebboune noted that strong currencies already existed in the Arab world, citing the UAE and Saudi Arabia as examples

ST. PETERSBURG, June 16. /TASS/. 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 currency.

"I would like that. It’s a big project," he said when asked by Russian President Vladimir Putin whether Arab countries are still discussing the idea of creating such a currency.

"Some currencies have foisted themselves all across the world," Tebboune noted, adding that strong currencies already exist in the Arab world, citing the UAE and Saudi Arabia as examples.

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