Adopting the UAE dirham as a settlement currency in the 'Bani' platform for Arab payments
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Adopting the UAE dirham as a settlement currency in the 'Bani' platform for Arab payments
by claud39 on Wed Feb 12, 2020 8:43 am
Adopting the UAE dirham as a settlement currency in the 'Bani' platform for Arab payments
12/02/2020
The Arab Monetary Fund announced today the adoption of the UAE dirham as a settlement currency in the 'structures' platform for Arab payments.
The Fund said in an official statement that in the context of preparing for the launch of the 'Beni' platform for Arab payments of the Arab Monetary Fund and the start of the process of joining central and commercial banks in the platform, the fund is pleased to coordinate with the UAE Central Bank to announce that the 'Beni' platform will be provided upon launching services Clearing and settlement of the UAE dirham currency, along with the US dollar, the euro, and other international and Arab currencies, will be announced later.
The statement pointed out that the 'structures' 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 'structures' platform has enhanced capabilities to ensure that platform operations comply with relevant international principles and standards, foremost among which are standards related to combating money laundering and terrorist financing operations, in addition to complying with the regulations on 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.
http://www.uabonline.org/en/news/arabicnews/15751593157816051575158315751604158315851607160515/72852/0
12/02/2020
The Arab Monetary Fund announced today the adoption of the UAE dirham as a settlement currency in the 'structures' platform for Arab payments.
The Fund said in an official statement that in the context of preparing for the launch of the 'Beni' platform for Arab payments of the Arab Monetary Fund and the start of the process of joining central and commercial banks in the platform, the fund is pleased to coordinate with the UAE Central Bank to announce that the 'Beni' platform will be provided upon launching services Clearing and settlement of the UAE dirham currency, along with the US dollar, the euro, and other international and Arab currencies, will be announced later.
The statement pointed out that the 'structures' 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 'structures' platform has enhanced capabilities to ensure that platform operations comply with relevant international principles and standards, foremost among which are standards related to combating money laundering and terrorist financing operations, in addition to complying with the regulations on 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.
http://www.uabonline.org/en/news/arabicnews/15751593157816051575158315751604158315851607160515/72852/0
claud39- VIP NewsHound
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Join date : 2018-11-04 
THE CENTRAL BANK OF THE UNITED ARAB EMIRATES AND THE ARAB MONETARY FUND ANNOUNCE THE INCLUSION OF THE EMIRATI DIRHAM AS A SETTLEMENT CURRENCY USED IN THE "BENI" PLATFORM FOR ARAB PAYMENTS
by claud39 on Wed Feb 12, 2020 9:56 am
THE CENTRAL BANK OF THE UNITED ARAB EMIRATES AND THE ARAB MONETARY FUND ANNOUNCE THE INCLUSION OF THE EMIRATI DIRHAM AS A SETTLEMENT CURRENCY USED IN THE "BENI" PLATFORM FOR ARAB PAYMENTS
2020-02-12
In preparation for the launch of the "Beni" platform for Arab payments of the Arab Monetary Fund and the start of the procedures for enrolling central and commercial banks in the platform, the Fund is pleased to coordinate with the Central Bank of the United Arab Emirates to announce that the "Beni" platform will be provided upon launching clearing and settlement services for the UAE dirham currency, Besides the currencies of the US dollar, the euro, and other international and Arab currencies, they 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%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%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%AF%D8%B1%D9%87%D9%85-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A
2020-02-12
In preparation for the launch of the "Beni" platform for Arab payments of the Arab Monetary Fund and the start of the procedures for enrolling central and commercial banks in the platform, the Fund is pleased to coordinate with the Central Bank of the United Arab Emirates to announce that the "Beni" platform will be provided upon launching clearing and settlement services for the UAE dirham currency, Besides the currencies of the US dollar, the euro, and other international and Arab currencies, they 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%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%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%AF%D8%B1%D9%87%D9%85-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A
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