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SAUDI ARABIAN MONETARY AGENCY AND THE ARAB MONETARY FUND ANNOUNCE THE INCLUSION OF THE SAUDI RIYAL AS A SETTLEMENT CURRENCY DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

SAUDI ARABIAN MONETARY AGENCY AND THE ARAB MONETARY FUND ANNOUNCE THE INCLUSION OF THE SAUDI RIYAL AS A SETTLEMENT CURRENCY

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SAUDI ARABIAN MONETARY AGENCY AND THE ARAB MONETARY FUND ANNOUNCE THE INCLUSION OF THE SAUDI RIYAL AS A SETTLEMENT CURRENCY Empty SAUDI ARABIAN MONETARY AGENCY AND THE ARAB MONETARY FUND ANNOUNCE THE INCLUSION OF THE SAUDI RIYAL AS A SETTLEMENT CURRENCY

Post by claud39 on Mon Jan 27, 2020 10:15 am

THE SAUDI ARABIAN MONETARY AGENCY AND THE ARAB MONETARY FUND ANNOUNCE THE INCLUSION OF THE SAUDI RIYAL AS A SETTLEMENT CURRENCY USED IN THE "BENI" PLATFORM FOR ARAB PAYMENTS



2020-01-27


SAUDI ARABIAN MONETARY AGENCY AND THE ARAB MONETARY FUND ANNOUNCE THE INCLUSION OF THE SAUDI RIYAL AS A SETTLEMENT CURRENCY Logo-ar






January 26, 2020

In preparation for the launch of the "Beni" platform for Arab payments of the Arab Monetary Fund and the start of the process for enrolling central and commercial banks in the platform, the fund is pleased in coordination with the Saudi Arabian Monetary Agency to announce that the "Beni" platform will provide clearing and settlement services for the Saudi riyal currency, along with my currency The US dollar, the euro, and other international and Arab currencies will be announced later.

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. 

Arab Monetary Fund
 






https://www.amf.org.ae/ar/content/%D9%85%D8%A4%D8%B3%D8%B3%D8%A9-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D9%88%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-%D9%8A%D8%B9%D9%84%D9%86%D8%A7%D9%86-%D8%B9%D9%86-%D8%AA%D8%B6%D9%85%D9%8A%D9%86-%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D9%84-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D9%83%D8%B9%D9%85%D9%84%D8%A9-%D8%AA%D8%B3%D9%88%D9%8A%D8%A9
claud39
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