According to a Gulf News article dated 16 December 2009, Gulf Cooperation Council (GCC) leaders concluded their annual two-day summit with an agreement to form a monetary union, paving the way for a single currency for Bahrain, Kuwait, Qatar, and Saudi Arabia; Oman and the United Arab Emirates opted out.Read More…

According to an article on Haaretz.com, over the next two years the Bank of Israel will issue new banknotes featuring portraits of Zionist visionary Theodor Herzl and three former prime ministers: David Ben-Gurion, Menachem Begin, and Yitzhak Rabin. The bank has decided against issuing a proposed NIS 500 (US$132) denomination.Read More…

, B231 (P33): 1,000 dirhams (US$272)Brown. Front: Arabic text; Saker falcon head as registration device; coat of arms; Al Hosn Palace (White Fort) in Abu Dhabi. Back: English text; Saker falcon; Abu Dhabi skyline with Corniche; Saker falcon head. Holographic stripe with denomination. Windowed security thread with demetalized UAE 1000.Read More…

B286 (PNL): 20,000 rials (US$0.75) Blue and green. Front: Farsi text; Ayatollah Ruhollah Khomeini. Back: English and Farsi text; Al-Aqsa Mosque building in Jerusalem. Windowed security thread with demetalized stylized sun. Watermark: Ruhollah Khomeini. Printer: (TAKAB). 163 x 78 mm. Paper. a. No date. Sig. 29: Bahmani/Hosseini. Crescent on domeRead More…