The question has been asked
Posted by Ivo Cerckel on December 31st, 2008
In reply to a question on gold reserves for the GCC Central Bank, [Mohammad Al Mazroui, assistant secretary-general for economic affairs] said “that is a matter to be pondered over later.”We first have to decide on the location of the Central Bank, then the Central Bank and Monetary Council will have to decide on the gold reserves for the Central Bank,” he said.
(GCC leaders approve Monetary Union as members seek to host Central Bank By Sunil K. Vaidya, Bureau Chief Published: December 30, 2008, 23:46
http://www.gulfnews.com/business/Economy/10271396.html )
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