8-9 November 2023 - Abu Dhabi - U.A.E.
For room booking at Intercontinental Hotel, click here.
Rates: Single room rate AED 400, Double room rate AED 450, per night including Breakfast and taxes.
The new service provides financial institutions participating in Buna with an open marketplace to make FX deals directly between each other and enables safe and secure settlement of the resulting transactions in Buna.
Abu Dhabi, May 10th, 2023:Buna (the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF”), announces the launch of its service supporting a more accessible and more secure foreign exchange (FX) market.
The new service offers an open and modern marketplace for FX, where participants in the Buna system can benefit from a modern set of APIs to exchange information and agree on the terms of their FX deals directly between each other, without the involvement of Buna or any other intermediary in these deals.
The processing of the resulting transactions is then done immediately in a safe and secure way by using the Payment versus Payment (PvP) mechanism, which ensures that settlement in one currency occurs if and only if the settlement of the other currency occurs simultaneously.
The workshop will explore the status of Central Bank Digital Currencies (CBDCs) current initiatives and their outlook
The workshop will host high-level guest speakers from the Bank of International Settlement (BIS), Banque de France, Banca d’Italia and SWIFT, among others
Abu Dhabi, May 4th, 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 4th, the 41st 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 Fund keeps delivering on the strategy it has adopted to be the closest partner to the Arab countries
The Fund granted three additional loans to Arab countries in 2022 totaling around 120 million Arab dinars, or about 478.5 million dollars, to support emergency funding needs and the implementation of economic and financial reforms
The Arab Monetary Fund (AMF) launched its 2022 annual activity report, which was approved by the Board of Governors of the Arab Monetary Fund after reviewing the Fund's efforts in providing financial and technical support to enhance economic and financial stability and achieve inclusive and sustainable growth in its member countries.
The report details the activities and financial position of the Fund for the fiscal year that ended on December 31, 2022, as well as the financial and technical assistance it gave to its member countries through lending activities, direct and indirect technical assistance, advice, and contributions to studies, reports, bulletins, books, and booklets. It also outlines the seminars, workshops, and training courses delivered by the Fund Training Institute to strengthen and expand the capacities of official Arab cadres in central banks, ministries of finance, economy, trade, and national statistical organizations.