• Feb 13, 2024

    Under the Patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum - the inauguration of “ARPCSO” (Buna Payments) at the World Governments Summit 2024

    Dubai, February 12, 2024: Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Buna (The Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF”) was inaugurated during the World Governments Summit,...

  • Nov 23, 2023

    The Arab Monetary Fund Releases the 19th Edition of the Arab Economic Outlook Report, including an update on economic growth and inflation expectations in Arab countries for 2023 and 2024.

    Key Highlights of the Report:Economic Growth Projections: The growth rate of Arab economies in 2023 is projected to be around 2.2 percent, decreasing from about 5.8 percent in 2022 due to the tightening of monetary policy, the decline in oil production, and the recent developments in the region. However, a recovery is expected in 2024, with growth...

  • Nov 21, 2023

    The Board of Governors of the Arab Monetary Fund (AMF) accepts the resignation of H.E Dr. Abdulrahman A. Al-Hamidy as Director General Chairman of the Board and appoints H.E. Dr. Fahad Mohammed A Alturki

    The Board of Governors of the Arab Monetary Fund (AMF) accepts the resignation of H.E Dr. Abdulrahman A. Al-Hamidy as Director General Chairman of the Board and appoints H.E Dr. Fahad Mohammed A Alturki as the new Director General Chairman of the Board of the AMF for the period to March 2029.The Arab Monetary Fund management welcomes the...

  • Nov 07, 2023

    Banks go live with the Buna’s Payment versus Payment (PvP) Service, providing safer settlement of foreign exchange (FX)

    The service is now operational in collaboration with Abu Dhabi Commercial Bank and Jordan Ahli Bank as the first users.Adopting PvP as FX settlement mechanism contributes to the global effort led bythe Group of Twenty (G20) to enhance cross-border payments.

  • Nov 04, 2023

    The Arab Monetary Fund (AMF) and The State Bank of Pakistan (SBP) Sign a Memorandum of Understanding (MoU) to Facilitate Cross-border Remittances between the Arab region and Pakistan.

    The MoU aims to create cross-border interlinking viaBuna and Raast the respective instant payment systems of the Arab region and Pakistan.This arrangement will help achieve greater financial inclusion and strengthen economic, financial, and investment ties between the Arabregion and Pakistan.

Arab World

Recent Updates

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

-0.04%

  • Last Updated
  • Feb 22, 2024
  • 492.63

Lending for Arab Countries

AAD277M

  • During
  • Year
  • 2023

COVID-19 Intervention

AAD2B

  • Status
  • of the funding
  • Since the begining of 2020
Arab Monetary Fund

Events

The events and workshops organized by the Arab Monetary Fund

Arab Economic Database

Query the database

The Arab Economic Database (AEDB) was launched in December 2014. It contains time series for the economic sectors.

Initiatives

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

The Arab Committee on Banking Supervision (ACBS) was established in 1991 by the Council of Governors of Arab Central Banks and Monetary Agencies.

The Arab Committee on Payment and Settlement Systems

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 Arab Committee on Credit Information

The Council of Arab Central Banks and Monetary Authorities’ Governors decided in 2015 to establish the Arab Committee on Credit Information.

Financial Stability Task Force

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

Arab Financial Inclusion Task Force

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...

Arab Regional Fintech Working Group

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.

The Financial Inclusion for the Arab Region Initiative (FIARI)

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.

Arab Debt Market Development Initiative

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.

ArabStat Initiative

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.

Digital Economy

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.