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THE ARAB MONETARY FUND ORGANIZES THE NINTH WORKSHOP "REMOTELY" TO PLACE BANKS ON THE "BENI" PLATFORM. A HIGH-LEVEL PANEL DISCUSSION ON THE EXPERIENCE OF THE FIRST USERS FROM BANKS WIDE PARTICIPATION FROM ARAB AND INTERNATIONAL BANKS DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

THE ARAB MONETARY FUND ORGANIZES THE NINTH WORKSHOP "REMOTELY" TO PLACE BANKS ON THE "BENI" PLATFORM. A HIGH-LEVEL PANEL DISCUSSION ON THE EXPERIENCE OF THE FIRST USERS FROM BANKS WIDE PARTICIPATION FROM ARAB AND INTERNATIONAL BANKS

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THE ARAB MONETARY FUND ORGANIZES THE NINTH WORKSHOP "REMOTELY" TO PLACE BANKS ON THE "BENI" PLATFORM. A HIGH-LEVEL PANEL DISCUSSION ON THE EXPERIENCE OF THE FIRST USERS FROM BANKS WIDE PARTICIPATION FROM ARAB AND INTERNATIONAL BANKS Empty THE ARAB MONETARY FUND ORGANIZES THE NINTH WORKSHOP "REMOTELY" TO PLACE BANKS ON THE "BENI" PLATFORM. A HIGH-LEVEL PANEL DISCUSSION ON THE EXPERIENCE OF THE FIRST USERS FROM BANKS WIDE PARTICIPATION FROM ARAB AND INTERNATIONAL BANKS

Post by claud39 on Fri May 15, 2020 8:49 am

THE ARAB MONETARY FUND ORGANIZES THE NINTH WORKSHOP "REMOTELY" TO PLACE BANKS ON THE "BENI" PLATFORM. A HIGH-LEVEL PANEL DISCUSSION ON THE EXPERIENCE OF THE FIRST USERS FROM BANKS WIDE PARTICIPATION FROM ARAB AND INTERNATIONAL BANKS




 2020-05-14


THE ARAB MONETARY FUND ORGANIZES THE NINTH WORKSHOP "REMOTELY" TO PLACE BANKS ON THE "BENI" PLATFORM. A HIGH-LEVEL PANEL DISCUSSION ON THE EXPERIENCE OF THE FIRST USERS FROM BANKS WIDE PARTICIPATION FROM ARAB AND INTERNATIONAL BANKS Logo-ar




After announcing the launch of the "Beni" platform for Arab payments of the regional institution for the clearing and settlement of Arab payments owned by the Arab Monetary Fund, the Arab Monetary Fund continues its efforts in following up the process of procedures for attaching central and commercial banks to the platform. 

In this context, the Arab Monetary Fund is organizing this sixth Thursday, 14 May (May) workshop, the “remote” workshop to join banks (the ninth in a series of communication workshops with banks), with the participation of senior officials from more than 75 banks operating in The Arab region and beyond, which has indicated its willingness to join the platform in the early stages of its launch.

The ninth workshop consists of a high-level panel discussion between a group of representatives of the first banks participating in the platform, in which they share their experience of joining the platform and their aspirations for its services. The discussions also deal with the most important developments and challenges facing cross-border payment systems, in addition to addressing the implications of the platform's services and products in developing and enhancing additional services by banks through their participation in the platform.

The workshop is the sixth leg of a series of focused workshops, which address several strategic issues and are organized over a number of weeks digitally from a distance, given the current situation.

It is worth noting that the "Bani" platform represents a multi-currency payment platform that provides clearing and settlement services in Arab currencies and international currencies that meet the eligibility requirements, for clearing and settling inter-Arab financial transactions as well as financial transactions between Arab countries and the main trading partners of the Arab countries. 

The platform aims to enable financial and banking institutions in the Arab region, including central and commercial banks, to send and receive inter-payments across the Arab region and abroad in a safe and reliable manner at an appropriate cost and high effectiveness.

 The Bani platform provides participants with modern payment solutions that comply with international standards, principles and international compliance requirements. The platform contributes to enhancing opportunities for economic and financial integration in the Arab region and supporting investment links with the trading partners of Arab countries on various continents.

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.

On this occasion, His Excellency the Director General of the Board of Directors of the Arab Monetary Fund, Dr. Abdul Rahman bin Abdullah Al-Hamidi, expressed his happiness to continue holding workshops with banks to enhance the partnership with banks and financial and banking institutions in benefiting from the services and products provided by the "Beni" platform for Arab payments, noting the participation of banks in The workshop showcases their experiences and aspirations.

 His Excellency also renewed his sincere appreciation and gratitude to the Excellencies, Governors of central banks and Arab monetary institutions for their support to the Fund's efforts in establishing the platform.



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THE ARAB MONETARY FUND ORGANIZES THE NINTH WORKSHOP "REMOTELY" TO PLACE BANKS ON THE "BENI" PLATFORM. A HIGH-LEVEL PANEL DISCUSSION ON THE EXPERIENCE OF THE FIRST USERS FROM BANKS WIDE PARTICIPATION FROM ARAB AND INTERNATIONAL BANKS Empty THE ARAB MONETARY FUND LAUNCHES THE SECOND INSTALLMENT OF THE LOAN TO FACILITATE THE STRUCTURAL CORRECTION IN THE FINANCIAL AND BANKING SECTOR OF THE HASHEMITE KINGDOM OF JORDAN, WITH AN AMOUNT OF 9.2 MILLION ARAB ACCOUNT DINARS, EQUIVALENT TO ABOUT $ 38

Post by claud39 on Fri May 15, 2020 8:54 am

THE ARAB MONETARY FUND LAUNCHES THE SECOND INSTALLMENT OF THE LOAN TO FACILITATE THE STRUCTURAL CORRECTION IN THE FINANCIAL AND BANKING SECTOR OF THE HASHEMITE KINGDOM OF JORDAN, WITH AN AMOUNT OF 9.2 MILLION ARAB ACCOUNT DINARS, EQUIVALENT TO ABOUT $ 38 MILLION, TO SUPPORT REFORM EFFORTS AND MEET VARIOUS CHALLENGES.


2020-05-14





THE ARAB MONETARY FUND ORGANIZES THE NINTH WORKSHOP "REMOTELY" TO PLACE BANKS ON THE "BENI" PLATFORM. A HIGH-LEVEL PANEL DISCUSSION ON THE EXPERIENCE OF THE FIRST USERS FROM BANKS WIDE PARTICIPATION FROM ARAB AND INTERNATIONAL BANKS Logo-ar










The Arab Monetary Fund is keen to support the efforts of its member states to implement economic, financial and structural reforms and confront various challenges, through a number of means including providing financing to meet the needs of balance of payments and general budgets, and financing trade through its Arab trade financing program, in addition to its role in promoting Consultation and discussion on economics, finance and development issues through its various frameworks and activities, providing technical advice to member states in the field of economic and financial policies, and providing training for government officials in member states through the Training Institute And capacity building in the Fund.



The Fund is interested in providing financial and technical support to its member states during this period in particular in light of developments due to the Covid virus-19, and the repercussions of it on the economic and financial levels in its various aspects. To stimulate the economy and provide liquidity in order to contain the negative effects of the virus outbreak.



In this context, on May 14, 2020, the Fund launched the second installment of the structural adjustment facilitation loan in the financial and banking sector concluded its agreement with the Government of the Hashemite Kingdom of Jordan on February 14, 2019, with an amount of 9.2 million Arab account dinars, equivalent to approximately $ 38 million, With the aim of providing financial resources to assist the state in implementing economic and financial reforms and facing various challenges.



The Fund follows closely the developments of the Jordanian economy and the challenges it faces due to the current circumstances, and works through a fruitful partnership with the Jordanian government to provide the most effective way to meet the various challenges. Where the fund is studying another loan for the Hashemite Kingdom of Jordan to support the financial situation of the country, the procedures for granting it will be completed within the coming period.



The Fund is currently studying requests from a number of other member countries to take advantage of its financial resources, and is working to complete procedures in this regard, in order to provide support as quickly as possible, and in what way Member States can meet financing needs and enhance their financial positions to meet various challenges, especially in such These times.  






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