GCC

Gulf Cooperation Council

The GCC is a regional bloc of six Gulf countries: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. It is often referenced in financial and regulatory contexts.

GCC countries have closely linked economies and financial systems, with many currencies pegged to the US dollar. The bloc coordinates economic policies and regional initiatives.

Related Terms

MENA

Middle East and North Africa

MENA is a regional designation for the Middle East and North Africa. It is used in banking and finan...

SAR

Saudi Riyal

SAR is the official currency of Saudi Arabia. It has been pegged to the US dollar since 1986, reflec...

AED

United Arab Emirates Dirham

AED is the official currency of the United Arab Emirates. It has been pegged to the US dollar since ...

BHD

Bahraini Dinar

BHD is the official currency of Bahrain. It is issued by the Central Bank of Bahrain and is one of t...

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