Jan 20, 2023
Buna holds its 39th virtual workshop
The workshop will showcase Buna’s contribution to regional economic integration and detail the mechanisms put in place by the central banks to ensure the safety and resiliency of the service More than 200 senior officials will attend the workshop, representing central banks and a wide spectrum of regional and global financial institutions
Jan 10, 2023
Arab Monetary Fund releases a study on: Is Climate FinTech Effective in Mitigating Climate Change Risk?
The study aims to investigate the cause-and-effect relationship between the FinTech index and carbon dioxide emissions index globally. The study findings indicate that there is not a cause-and-effect relationship between the global FinTech index and the carbon dioxide emissions index, which indicates that climate FinTech tools and applications...
Dec 29, 2022
The Arab Monetary Fund and the Arab Gulf Programme for Development sign a memorandum of understanding to coordinate efforts to promote financial inclusion
The Arab Monetary Fund and the Arab Gulf Programme for Development sign a memorandum of understanding to coordinate efforts to promote economic development and achieve sustainable development goals in the Arab region via expanding financial inclusion Emphasis on supporting the successful implementation of the comprehensive economic reform program...
Dec 20, 2022
The Arab Monetary Fund publishes Guidance Note on “Adopting Smart Contracts and their Legal Enforceability in Arab Countries”
Advantages of adopting smart contracts across different sectors in Arab countries Assessment of opportunities and risks arising from the implementation of smart contracts for participants and markets Designing regulatory frameworks to protect data, improve consumer protection, ensure market integrity, and mitigate illicit financial risks
Dec 09, 2022
ARPCSO (Buna) and The Benefit Company (BENEFIT) Sign Memorandum of Understanding (MoU) to Facilitate Cross-border Payments via Buna and Fawri+
Under the patronage of H.E Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain, and H.E Dr. Abdulrahman Bin Abdullah Al Hamidy, Chairman of the Board of The Arab Regional Payments Clearing and Settlement Organization (ARPCSO) ARPCSO (Buna) and The Benefit Company (BENEFIT) Sign Memorandum of Understanding (MoU) to Facilitate...
Latest Arab World's Economic News and Financial Status
RatesArab Accounting Dinar
- The Arab Accounting Dinar
- is the official currency
- of the Arab Monetary Fund
Composite Index Daily Index
- Last Updated
- Jan 29, 2023
Lending for Arab Countries
- of the funding
- Since the begining of 2020
The events and workshops organized by the Arab Monetary Fund
Initiatives and Work Groups
Committees and Work Groups emanating from the Board of Governors of Arab Central Banks and Monetary Institutions
The Arab Committee on Banking Supervision (ACBS) was established in 1991 by the Council of Governors of Arab Central Banks and Monetary Agencies.
The Council of Governors of Arab central banks and monetary agencies decided in its 2004 annual meeting, to establish the Arab Committee on Payment and Settlement Systems (ACPSS).
The Council of Arab Central Banks and Monetary Authorities’ Governors decided in 2015 to establish the Arab Committee on Credit Information.
The Council of Arab Central Banks and Monetary Authorities’ Governors decided in 2014 to establish, the Financial Stability Task Force (FSTF). The Task Force is composed mainly of Directors in charge of financial stability issues at Central Banks in the region and meets at least twice a year
The main objective of the Task Force is to contribute to the ongoing efforts to increase financial inclusion in the Arab countries, by assisting national authorities in strengthening their regulations and instruments to expand financial services coverage, enhance financial awareness in the Arab region...
A working group comprising technicians and experts from the Arab countries from the public and private sectors in addition to experts from regional and international financial institutions, service providers and leading organizations in Fintech industry at the international level.
FIARI is a key driver for increasing financial inclusion and translating the willingness of the Arab Monetary Fund to strengthen the technical assistance and the capacity development to support member states and make efforts to provide financial services to Arab countries.
The initiative to develop debt markets in Arab countries is a joint project between the Arab Monetary Fund (AMF) and the International Monetary Fund (IMF), which aims to promote and enhance the functioning of both, government and private, debt markets in the Arab countries.
The Arab initiative has for mission to assist Arab countries to strengthen, improve and adapt their statistical system and also involves the promotion and harmonization of statistics among Arab countries through the use of identical methodologies, concepts, definitions and classifications.
The Arab Monetary Fund focuses on implementing a set of qualitative activities and interventions with a strategic dimension in the areas of the digital economy related to the Fund's work and its establishment agreement.