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THE ARAB MONETARY FUND ANNOUNCES THE INCLUSION OF THE US DOLLAR AND THE EURO AS SETTLEMENT CURRENCIES USED IN THE "BROWN" PLATFORM FOR ARAB PAYMENTS DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

THE ARAB MONETARY FUND ANNOUNCES THE INCLUSION OF THE US DOLLAR AND THE EURO AS SETTLEMENT CURRENCIES USED IN THE "BROWN" PLATFORM FOR ARAB PAYMENTS

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THE ARAB MONETARY FUND ANNOUNCES THE INCLUSION OF THE US DOLLAR AND THE EURO AS SETTLEMENT CURRENCIES USED IN THE "BROWN" PLATFORM FOR ARAB PAYMENTS Empty THE ARAB MONETARY FUND ANNOUNCES THE INCLUSION OF THE US DOLLAR AND THE EURO AS SETTLEMENT CURRENCIES USED IN THE "BROWN" PLATFORM FOR ARAB PAYMENTS

Post by claud39 on Thu Jan 09, 2020 9:45 am

THE ARAB MONETARY FUND ANNOUNCES THE INCLUSION OF THE US DOLLAR AND THE EURO AS SETTLEMENT CURRENCIES USED IN THE "BROWN" PLATFORM FOR ARAB PAYMENTS




2020-01-09





THE ARAB MONETARY FUND ANNOUNCES THE INCLUSION OF THE US DOLLAR AND THE EURO AS SETTLEMENT CURRENCIES USED IN THE "BROWN" PLATFORM FOR ARAB PAYMENTS Logo-ar








January 2020

In the context of preparing for the launch of the "Beni" platform for Arab payments of the Arab Monetary Fund, the Fund is pleased to announce the start of the process of joining central and commercial banks in the platform, and the Fund also declares in this context that the "Beni" platform will be provided upon launching clearing and settlement services for the US dollar currencies And the euro, along with other currencies.

 

It should be noted that the "Beni" platform, a multi-currency platform that provides clearing and settlement services in Arab currencies and international currencies that meet the eligibility requirements, in order to clear inter-Arab financial transactions as well as financial transactions between Arab countries and the main trading partners of the Arab countries.

 

The “Bani” platform has enhanced capabilities to ensure that the operations of the platform comply with relevant international principles and standards, foremost among which are the standards related to combating money laundering and terrorist financing operations, in addition to complying with the regulations for the currencies used on the platform.

 

It is mentioned that the platform is available to all banks that meet the criteria and conditions for participation in it, at the forefront of which are the standards and procedures for compliance aspects.

 

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claud39
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