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Bankers seek remedy to currency crises
Central bankers from Europe and eight Arab nations met separately to curb volatile currencies affecting the pound and the dollar. In Basel the Bank of England’s Gordon Richardson joined European CMA governors amid talk of pound devaluation. In Cairo eight Arab states Egypt Iraq Algeria Qatar Kuwait Libya Saudi Arabia UAE planned protections for Arab deposits against fluctuations.
MENTIONED IN THIS ARTICLE
United Press International
Central Banks of Europe
Gordon Richardson
Bank of England
Basel
Switzerland
London
Cairo
Middle East
Egypt
Iraq
Algeria
Qatar
Kuwait
Libya
Saudi Arabia
United Arab Emirates
Uae
Samuel Montagu, Ltd
British Treasury