President of Algeria voices country’s interest in creating single Arab currency
Business & Economy
June 16, 2023, 21:28
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.