THE ARAB MONETARY FUND, IN COOPERATION WITH THE CENTRAL BANK OF GERMANY (CBE), IS ORGANIZING A COURSE ON "TRANSPARENCY OF CENTRAL BANKS AND MONETARY POLICY REPORTING POLICY" ABU DHABI, UNITED ARAB EMIRATES

by **claud39** on Sun Mar 24, 2019 8:26 am

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THE ARAB MONETARY FUND, IN COOPERATION WITH THE CENTRAL BANK OF GERMANY (CBE), IS ORGANIZING A COURSE ON "TRANSPARENCY OF CENTRAL BANKS AND MONETARY POLICY REPORTING POLICY" ABU DHABI, UNITED ARAB EMIRATES

2019-03-24

THE ARAB MONETARY FUND, IN COOPERATION WITH THE CENTRAL BANK OF GERMANY (CBE), IS ORGANIZING A COURSE ON "TRANSPARENCY OF CENTRAL BANKS AND MONETARY POLICY REPORTING POLICY" ABU DHABI, UNITED ARAB EMIRATES DSC_1620

The Central Banks Transparency and Monetary Policy Reporting Policy, organized by the Institute for Economic Policy in the Arab Monetary Fund in cooperation with the Central Bank of Germany (CBB), opened today at the headquarters of the Fund in Abu Dhabi from 24 to 27 March 2019.

Monetary policy is one of the most important areas of macroeconomic policy that regulates the relationship between money and economic activity in order to achieve stability in prices, thus creating a suitable environment for the practice of various economic activities and laying the foundations for sustainable economic growth.

Therefore, the monetary policy frameworks depend primarily on the extent of the development of the financial structure of the state and the economic situation, where central banks usually adjust the money supply or monetary expansion to suit the needs of market participants, the success of central banks to achieve monetary stability is determined by a combination of factors and conditions Internal and institutional structures related to the structures, development and quality of their human resources. This requires a set of objective conditions, most notably the degree of independence of the central banks, the credibility of their policies and procedures, and a high level of transparency in the work of these banks. This will increase confidence in economic policies so as to provide a climate of certainty that will keep inflation at their medium and long term targets. And leads to productive investments away from considerations of rapid return and speculation.

On this occasion came in a speech by His Excellency Dr. Abdulrahman bin Abdullah Al- Hamidi, Director General Chairman of the Board of Directors ( the [url=https://www.amf.org.ae/sites/default/files/%D9%83%D9%84%D9%85%D8%A9 %D8%A7%D9%84%D8%A7%D9%81%D8%AA%D8%AA%D8%A7%D8%AD.pdf]full text of the word[/url] )

https://www.amf.org.ae/sites/default/files/%D9%83%D9%84%D9%85%D8%A9%20%D8%A7%D9%84%D8%A7%D9%81%D8%AA%D8%AA%D8%A7%D8%AD.pdf

a word

His Excellency Dr. Abdulrahman bin Abdulla Al-Humaidi,

General Manager and Chairman

At the opening of the session

About

"Transparency of central banks and the policy of reporting monetary policy"

In cooperation with

Central Bank of Germany

Abu Dhabi, 24-27 March 2019

Dear sisters and brothers

I am pleased to welcome you in the opening ceremony of the "Central Banks Transparency and Policy" course

Reporting Monetary Policy "held by the Institute of Economic Policy in the Arab Monetary Fund

The course will contribute to enriching and deepening your knowledge of

In cooperation with the German Central Bank, hopes

This important topic.

Dear sisters and brothers

Monetary policy is one of the most important areas of macroeconomic policy that governs the relationship between

Money and economic activity in order to stabilize prices, thus creating an appropriate environment

To engage in various economic activities and to lay the foundation for sustainable economic growth.

Therefore, monetary policy frameworks depend primarily on the extent of the development of the state's financial structure

And the economic situation, where central banks usually adjust money supply or expansion

And the need for market participants, the success of central banks in achieving

Monetary stability is determined by a set of subjective and institutional factors and conditions related to structures

These banks have their evolution and quality of their human resources. It also requires a set of conditions

Objectivity, notably the degree of independence of central banks and the credibility of their policies and procedures

And provide a high degree of transparency in the work of these banks, which increases confidence in economic policies

So that the target has a climate of certainty that helps keep inflation rates at their levels

Term and long-term investments leading to productive investments away from quick-return considerations

And speculations.

Dear sisters and brothers

The policy of disclosure and transparency is of paramount importance as it helps to achieve monetary policy

At a time when the circle of concern for corporate governance and independence has expanded

Monetary authorities, the issue of credibility and transparency of monetary policy also received the same attention,

Which allowed the monetary authorities

There are many ways and means of communication through which it is possible

Information on the direction and procedures of monetary policy is communicated clearly and at regular intervals

Increases the effectiveness of monetary policy and enables the public in the light of sound decision-making,

As well

Has created further commitment by the central bank to meet these objectives.

In order to achieve the above elements, it is essential that the general framework of monetary policy be taken into account

Transparency, clarity of procedures, disclosure and availability of possible information for dissemination,

Credibility, ease of management and execution, and time interaction with both market players and performance indicators

Economic development.

Dear sisters and brothers

The course will focus on a number of topics including:

• How to develop a policy strategy reporting monetary policy.

• Transparency of central banks and best practices in this regard.

• The main principles of monetary policy reporting policy.

In conclusion, I would like to thank and thank Dr. Juka Sonja for her presentation

More to

And to the German Central Bank for fruitful cooperation

Cooperat. I also urge you to seize this opportunity to benefit from the experiences of your various countries

Maximizes the benefit of this important session.

Finally, I wish you a successful course as well as a good stay in the UAE.

Peace and mercy of God be upon you.