THE ARAB MONETARY FUND (AMF) HOLDS A VIRTUAL WORKSHOP ON THE US DOLLAR INCLUSION IN BUNA
The workshop will take place Today, Thursday February 4, 2021
More than 200 senior officials will attend, representing central banks and a wide spectrum of financial institutions from the region and beyond
The inclusion of the US Dollar showcases the abilities of Buna as a contributor to safer and more efficient cross-border payment at global level
Abu Dhabi, 04 February 2021: The Arab Monetary Fund (AMF) holds today, Thursday February 4, 2021 a workshop to shed light on different elements related to the inclusion of the US Dollar as a settlement currency in Buna (the cross-border payment system owned by the AMF).
The workshop will host more than 200 senior officials representing Arab and international central banks along with various institutions from the financial, banking and payment sectors from the region and beyond, looking to learn more about Buna’s work progress, recent developments, and future plans.
During the workshop, a senior representative of JP Morgan and Buna executive team, will share insights and important information on Buna’s recent success of adding the US Dollar to its diversified list of Arab and International settlement currencies. The workshop will also allow discussing Buna’s next steps and plans to increase and strengthen the level of cooperation with its growing network of participants.