HMG suggestion that a separate currency for the Persian Gulf States should be introduced. Code EA file 1116

This file contains correspondence relating to Gulf currency. It includes arguments for and against a change in the present currency; the attitude to be adopted should the question of new currency be raised; the conclusions to the currency problem; comments on the probable attitude of the Rulers to a change of currency at the present time; a meeting held at the Foreign Office on 17 January, in order to set down the arguments for and against a change in the present currency of the Gulf (Indian rupee); comments on a draft brief on Gulf currency. It includes the proposed decisions to be taken and advice to be given on the introduction of a separate currency (2-8).