[ad_1]
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 annual flows between Arab countries", cited in the website (UAE Today), does not reflect the policy of the site or its point of view, and the responsibility lies with the news or at the source of the actual news of origin, the United Arab Emirates today.
[ad_2]
Source link
