THE ARAB MONETARY FUND (AMF) HOLDS A VIRTUAL WORKSHOP TO ELABORATE ON THE VALUE OF MULTI-CURRENCY DIMENSION OF BUNA TO EXECUTE CROSS-BORDER PAYMENTS
The workshop is hosting high-level guest speakers from Arab Central Banks and global settlement banks representing the currencies that are onboarded to Buna
More than 200 senior officials will attend the workshop, representing central banks and a wide spectrum of financial institutions from the region and beyond
Abu Dhabi, 3 June 2021: The Arab Monetary Fund (AMF) holds today, Thursday June 3, 2021, a workshop to elaborate on the value that Buna (the cross-border payment system owned by the AMF) is offering to its growing network of participant banks, by allowing and facilitating the usage of a diversified list of eligible Arab and international currencies in cross-border payments, through its centralized and multi-currency payment system.
Additionally, the workshop will further elaborate on the strategic role that Buna and its participant banks can jointly play, to leverage the volume of payments in Arab and international currencies and fuel the growth of trade and economic activities among Arab countries and between the Arab region and international markets.