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why there are not unite currency of the League of Arab States?like Euro

Aeneas

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I really doubt why there are not unite currency of the League of Arab States?just like Euro.

It has 22 members: Algeria, Bahrain, Comoros, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tunisia, United Arab Emirates, and Yemen.

It has area over 14 million square kilometres,and population over 3.3 hundred million.and huge deposits of oil.

if there had been a unite currency of the League of Arab States.it would be a very strong rival to US dollars.even stronger than Euro.because the currency of the League of Arab States would surely based on oil deposits.
 
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