Adopting the UAE dirham as a settlement currency in the 'Bani' platform for Arab payments
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
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
- Posts : 16097
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
claud39- VIP NewsHound
- Posts : 16097
Join date : 2018-11-04 -
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Iraq’s Minister of Finance visits Kuwait for talks on economic cooperation, investment
» The text of Fouad Hussein's message regarding the decision to include Iraq is a list of high-risk countries
» Parliamentary Finance: The Council of Ministers will vote tomorrow on the borrowing law and will send it to Parliament
» The Minister of Planning announces the launch of the National Youth Employment Project
» Denial lists
» VOTE -- Who Is The Worst Dinarland INTEL Provider Today?
» International Monetary Fund: We are ready to support Iraq
» Guru Jeff: "they're hiding the budget figures because it's going to be calculated in billions not trillion and it's to hide the freaking rate change" 9/28/20
» Guru Pimpy: "they're saying decrease the number of dinars you get for every U.S dollar [Which is good for us]" 9/28/20
» MilitiaMan: "We are hearing that Media yesterday was telling the citizens a change in rate was to be expected now" 9/28/20
» Guru Jeff: "When they decrease the rate it actually increases the value of the currency" 9/28/20
» Guru Pimpy: "if that number [1190] increases that means the value of the dinar is going down" 9/28/20
» TNT Weekend UPDATE for September 26-27, 2020
» MarkZ: "We are still hearing very positive things out of Iraq" 9/28/20
» Meta 1 Coin Scam (Dave Schmidt) Bench Trial set for 10/12/2021
» Thabet Al-Abbasi: The closure of the US embassy has negative consequences on all levels
» A parliamentary bloc condemns the absurd act that targeted the Amna family in Radwaniyah, with missile strikes
» Oil Minister: The National Oil Company is a promising national project that supports the national economy
» Economic specialist: The Kuwaiti port of Mubarak deprives Iraq of the economic viability of the large port of Faw
» French President Emmanuel Macron in Baghdad next week
» Jordan affirms its willingness and desire to increase cooperation and joint work with Iraq
» Al-Maliki: The enemies of Iraq are continuing their criminal acts as a sabotage tool targeting the Iraqis and their security
» Mazhar Muhammad Saleh: The government concluded nearly 19,000 contracting contracts worth $ 100 billion
» Representative legal: It is not possible to build an integrated budget without final accounts
» Oil Minister directs the implementation of associated gas investment projects
» The high exchange rate of the dollar against the dinar 9/28/20
» Opinion on the subject of dinars !!
» Rami Al-Skiny: The financial crisis cannot be addressed with a new crisis through internal and external borrowing
» Iraq seeks another emergency financing law as 2020 budget stalls
» Erbil opens its doors to American investors
» Following US warning, Iraq steps up pressure on outlawed militias
» An American-Iraqi strategic dialogue: a matter of interests and expectations
» Pimpy says -- Everything is pointing to something major happening in October.
» Austin-Powers-for-PM says -- The RV/RI can happen at any time of the day or week
» Jeff claims - They are transitioning back to their historical former fiscal year of April through March
» Kaperoni says -- Strengthening the dinar means to make the market rate (street rate) closer to the offical CBI rate.
» MilitiaMan says -- The idea of going out side of the this month yet seems a bit hasty.
» Jordan, Iraq sign a power contract to grid, sell electricity
» New WFP projects in Iraq help thousands of people get back to work during the COVID-19 crisis