Today the Eurosystem – comprising the European Central Bank (ECB) and the 17 national central banks of the euro area – and the central banks and monetary agencies of member states of the Gulf Cooperation Council (GCC) [1] held their third high-level seminar in Abu Dhabi, the capital of the United Arab Emirates. This seminar, which is the first one to have been held in a GCC member state and hosted by the Central Bank of the United Arab Emirates, was attended by governors and high-level representatives of the Eurosystem and the GCC countries’ central banks and monetary agencies, as well as representatives of the European Commission and the GCC Secretariat General.