THE CENTRAL BANK OF JORDAN AND THE ARAB MONETARY FUND ANNOUNCES THE INCLUSION OF THE JORDANIAN DINAR AS A SETTLEMENT CURRENCY IN BUNA
The Jordanian Dinar is the fourth Arab currency to join Buna’s payment system, raising the total number of settlement currencies in Buna to six
Participant banks can now use the Jordanian Dinar in their cross-border payments
H.E Dr. Ziad Fariz says: “We look forward to seeing the Jordanian banks actively participating to increase the cross-border usage of JOD and benefit from the transformational value of Buna Platform"
Abu Dhabi, 6 July 2021 (10 am Abu Dhabi time): The Central Bank of Jordan (CBJ) and the Arab Monetary Fund (AMF) announced today the inclusion of the Jordanian Dinar as a settlement currency in Buna (the cross-border payment system owned by the AMF), and the signing of an agreement enabling Buna to execute cross-border payments in Jordanian Dinar.
The Jordanian Dinar is the fourth Arab settlement currency to join Buna’s payment platform, which includes so far, the UAE Dirham, the Saudi Riyal, the Egyptian Pound in addition to the US Dollar and the Euro. This milestone comes in line with Buna’s constant efforts to expand its growing and diversified list of Arab and International currencies and strengthen its position as the payment system of choice across the Arab world.