News And Press Releases

Abu Dhabi, May 4^th, 2023:Buna (the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF”), will hold, on Thursday May 4^th, the 41^st edition of its virtual workshops to explore the status of Central Bank Digital Currencies (CBDCs), current initiatives and their outlook.

Buna aims to bring the latest developments and advancements to this topic and promote innovation and progress in the financial sector.  To achieve that, this workshop will host high-level guest speakers representing Bank of International Settlement (BIS), Banque de France, Banca d’Italia, SWIFT, and others, who will provide a comprehensive overview of the topic from practical and strategic perspectives. The objective will be to anticipate potential future developments relating to CBDCs and how the financial industry can prepare for the changing landscape.  

The workshop will be attended by over 200 senior officials representing central banks and a wide spectrum of institutions from the financial, banking and payment sectors from the region and other international markets. 

At this occasion, Mehdi Manaa, Chief Executive Officer of Buna said: 
“We are excited to bring the topic of CBDCs to the forefront, promoting awareness that could drive progress and help shaping the future of the payment industry at global level.” Mehdi added: “This session will strengthen our position as a hub for knowledge sharing in the payment industry and as a leader for enhancing cross-border payments, to build a stronger and more resilient system that benefits all our participants.”