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The Arab Monetary Fund has estimated the value of Arab financial flows between 800 and 900 billion dollars a year, trade, investment, remittances and all kinds of financial transactions, and has started to receive technical and technical offers for the Arab Clearing House tender, thus facilitating the transfer of funds between Arab countries and trading partners. This should be completed in the coming months.
This happened on the first day of the two-day regional conference on cross-border payment arrangements organized by the Fund in Abu Dhabi.
Abdulrahman bin Abdullah Al-Humaidi, managing director of the Arab Monetary Fund (AMF), said that "the Fund is working as part of its efforts to establish a regional clearing and settlement system for inter-Arab payments, in order to make more effective clearing and settlement of Arab financial and investment transactions ".
This article "900 billion dollars between Arab countries each year" quoted by the website Balad News and quoted on the site (Emirates today), does not reflect in any way the policy of the site or the point of view, and that the responsibility lies with the actuality or authenticity of the original source of news Who is the United Arab Emirates today.
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