Overhead: gulfo

Overhead: gulfo - proposed pan-Arab currency set to enter first its first phase in 2010, supposedly inspired by the success of the euro and dissatisfaction with the falling strength of the dollar.

First there was the "red back", the new term of affection for the chinese currency, now a new potential world reserve currency is in the making.

New reports are choosing to report it as: "The Arab currency - dubbed "Gulfo." However, like the dollar, euro, pound, yen etc, there is no need to use the capital G.

This is the same mistake that commonly occurs with the writing "Euro" (sic). The "Euro area" is correct because it refers to either the EU or Europe, but the currency should always be "euro" with a small e. So, too, the upcoming gulfo."