The Gulf Common Currency: Implications for the U.S. Dollar By John J. Phillips IV Seeking Alpha: !~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~! Amidst the US Dollar’s recent depreciation in the global marketplace the looming adoption of a common currency by the Gulf Cooperation Council has weighed down on the minds of many economists and market participants alike. With the adoption of the common currency tentatively scheduled for 2010 it is worth examining both the motivations for a common currency, and its implications in the global marketplace. To begin with let us examine a few of the basic reasons behind the ... (full story)