Arab Monetary Union Planned to Basically Replace Dollar: Might it Become the King of the South?

جامعة الدول العربية
Jāmaʻat ad-Duwwal al-ʻArabiyya Arab League Flag

In order to be less dependent upon the shaky US dollar and to show their own strength, Arab nations are inching closer to having their own replacement currency:

Gulf petro-powers to launch currency in latest threat to dollar hegemony

The Arab states of the Gulf region have agreed to launch a single currency modelled on the euro, hoping to blaze a trail towards a pan-Arab monetary union swelling to the ancient borders of the Ummayad Caliphate.

http://www.telegraph.co.uk/finance/economics/6819136/Gulf-petro-powers-to-launch-currency-in-latest-threat-to-dollar-hegemony.html

The Europeans who, and not Russia (see Is Russia the King of the North?), will be the final King of the North (see Who is the King of the North?), have a certain monetary union with the Euro that all signers of the Lisbon Treaty will ultimately essentially have to adopt if they are to remain in the EU.

Thus, it makes sense that an Arab monetary union may become the basis for the coming empire of the final King of the South.

Two articles of possibly related interest may include:

The Arab World In the Bible, History, and Prophecy The Bible discusses the origins of the Arab world and discusses the Middle East in prophecy. What is ahead for the Middle East and those who follow Islam?
Is There A Future King of the South? Some no longer believe there needs to be. Might Egypt, Islam, Iran, Arabs, or Ethiopia be involved? What does the Bible say?