Arab Monetary Fund (AMF) is a regional Arab organisation, founded in 1976, and has started operations in 1977. Member Countries (22) are: Jordan, United Arab Emirates, Bahrain, Tunisia, Algeria, Djibouti, Saudi Arabia, Sudan, Syria, Somalia, Iraq, Oman, Palestine, Qatar, Comoros, Kuwait, Lebanon, Libya, Egypt, Morocco, Mauritania, Yemen.
Vision And Mission
to strengthen economic, financial and monetary stability, and development process
To lay the monetary foundations for Arab economic integration
and promote economic development in Arab countries.
OBJECTIVES AND MEANS
- Reduce the restrictions on current payments among member States and the restrictions on the transfer of capital and the transfer of profits therefrom, with a view to the total elimination of the said restrictions.
- Endeavour to achieve the necessary degree of co-ordination between Arab economic policies, particularly financial and monetary, in a manner that will contribute to Arab economic integration and assist in creating the necessary conditions for the establishment of a unified Arab currency.
The AMF shall co-operate with similar Arab institutions to achieve its objectives, likewise, when necessary, it shall co-operate with similar international organisations.
The AMFshall provide technical assistance and services in the financial and monetary sphere to member States, which conclude economic agreements aimed at attaining a monetary union between them as on of the stages leading the realisation of the AMF goals.