News And Press Releases

2021

06-07-2021

The Central Bank of Jordan and the Arab Monetary Fund announces the inclusion of the Jordanian Dinar as a settlement currency in Buna

The Jordanian Dinar is the fourth Arab currency to join Buna’s payment system, raising the total number of settlement currencies in Buna to six Participant banks can now use the Jordanian Dinar in their cross-border payments H.E Dr. Ziad Fariz says: “We look forward to seeing the Jordanian banks... Read More

01-07-2021

“All You Wanted to Know about Buna!”

The Arab Monetary Fund (AMF) holds a virtual workshop to spread further the knowledge of Buna functions and future plans  More than 200 senior officials will attend the workshop, representing central banks and a wide spectrum of financial institutions   Abu Dhabi, 1 July 2021: The Arab Monetary... Read More

15-06-2021

Arab Monetary Fund Releases a Study on “Macro and Sectoral Implications of Oil Price Decrease on Oil-Exporting Countries”

A decrease in oil price in the major Arab oil-exporting countries leads to negative effects on the real GDP and its demand and supply components The study reveals that the oil sector is still an important determinant of economic activity in the Arab oil-exporting countries and called for more... Read More

08-06-2021

The Arab Monetary Fund publishes a document on “Best Practices and Recent Developments for Digital Wallet Providers” in the Framework of the Arab Regional Fintech Working Group

The document sheds light on Best Practices and Recent Developments for Digital Wallet Providers Enabling Competition and Increased Digital Wallet Providers’ Participation Allowing direct licensing of Digital Wallet Providers within clear definition, requirements and regulations Digital Wallet... Read More

04-06-2021

The AMF appoints Standard Chartered as the Settlement Bank for the Euro in Buna

The Euro inclusion will support the growth of economic and investment ties between the Arab countries and Europe   Abu Dhabi, 4 June 2021: The Arab Monetary Fund (AMF) and Standard Chartered have reached an agreement for the Bank to serve as settlement bank for the Euro currency in Buna (the cross... Read More

03-06-2021

The Arab Monetary Fund (AMF) holds a virtual workshop to elaborate on the value of multi-currency dimension of Buna to execute cross-border payments

The workshop is hosting high-level guest speakers from Arab Central Banks  and global settlement banks representing the currencies that are onboarded to Buna More than 200 senior officials will attend the workshop, representing central banks and a wide spectrum of financial institutions from the... Read More

31-05-2021

Arab Monetary Fund and Bank for International Settlements Organize the Fourth Working Party Meeting on Monetary Policy in the Arab Region

The Arab Monetary Fund (AMF), and the Bank for International Settlements (BIS) organize the "Fourth Working Party Meeting on Monetary Policy in the Arab Region," which is being held in virtual format on 31 May, 1 and 2 June 2021. The purpose of this event is to review recent global and regional... Read More

19-05-2021

The Arab Monetary Fund publishes a document on “Open Banking Regulatory Principles” in the Framework of the Arab Regional Fintech Working Group

 The document sheds light on the opportunities that open banking services offers to the financial and banking institutions customers The regulatory requirements to initiate open banking services in the Arab countries The importance of creating a stimulating environment to encourage innovation in... Read More

06-05-2021

The Arab Monetary Fund (AMF) holds a virtual workshop to discuss Buna’s compliance standards and information security certification

The workshop is hosting guest speakers from international specialized entities More than 200 senior officials will attend, representing central banks and a wide spectrum of financial institutions from the region and beyond   Abu Dhabi, 06 May 2021: The Arab Monetary Fund (AMF) holds today,... Read More

27-04-2021

Arab Day for Financial Inclusion - April 27, 2021 Under the theme of “Role of Digital Transformation in Increasing Financial Inclusion”

Enhancing and accelerating the transition to digital financial services, and importance of raising awareness   Call on to:   Alignment with the priorities of the Group of Twenty (G20) Promoting digital financial inclusion for young people, women and MSMEs Giving great importance to the applications... Read More

27-04-2021

The Arab Monetary Fund launches “FinxAr” a regional Fintech index to track the development of the financial technology industry in the Arab countries.

The general index scores 43 percent for 2020. The United Arab Emirates is at the top of the Arab countries in the general index, with an average of 75 percent. The index reflects the interest and efforts of the Arab authorities in the past year towards improving opportunities for the growth and... Read More

08-04-2021

The Arab Monetary Fund (AMF) holds a virtual workshop to discuss Buna’s support to the integration of Arab financial markets

The workshop is organized in collaboration with Euroclear, and marks an ongoing series of Buna’s virtual events More than 200 senior officials will attend, representing central banks and a wide spectrum of financial institutions from the region and beyond   Abu Dhabi, 08 April 2021: The Arab... Read More

07-04-2021

Arab Monetary Fund Releases April Edition of the Arab Economic Outlook for 2021

Arab economies are expected to grow by 2.8 percent in 2021 and 3.6 percent in 2022 in light of the anticipated recovery of the global economy, the continuation of expansionary monetary and fiscal policies, and the positive impact of economic reforms The recovery pace will vary according to the... Read More

04-03-2021

The Arab Monetary Fund (AMF) holds a virtual workshop to discuss the views of global card schemes on Buna payment system

The workshop will also discuss the payment flows of the US Dollar through Buna   Industry Experts representing Visa Inc, MasterCard, and UnionPay will share valuable insights on cross-border payments transformational role More than 200 senior officials will attend, representing central banks and a... Read More

04-02-2021

The Arab Monetary Fund (AMF) holds a virtual workshop on the US Dollar inclusion in Buna

The workshop will take place Today, Thursday February 4, 2021 More than 200 senior officials will attend, representing central banks and a wide spectrum of financial institutions from the region and beyond The inclusion of the US Dollar showcases the abilities of Buna as a contributor to safer and... Read More

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