THE ARAB MONETARY FUND PUBLISHES THE TENTH ISSUE OF ITS INTRODUCTORY SERIES OF BOOKLETS ON "THE REALITY OF DIGITAL CURRENCIES."

by **claud39** Thu Apr 15, 2021 10:05 pm

THE ARAB MONETARY FUND PUBLISHES THE TENTH ISSUE OF ITS INTRODUCTORY SERIES OF BOOKLETS ON "THE REALITY OF DIGITAL CURRENCIES."
2021-04-15

Within the framework of its strategy for the period (2020-2025), the Arab Monetary Fund decided to issue a series of introductory booklets aimed at increasing the economic and financial awareness of Arab youth to enable them to understand the basics of a number of priority economic and financial issues and topics for Arab countries.

Through the issuance of a new series of introductory booklets, the fund targets young age groups in the Arab world, who are not specialized in economic and financial affairs, to help gain insight into the basics of some important issues such as modern financial technologies, artificial intelligence, digital currencies, and other contemporary economic and financial issues.

Through these booklets, the Fund hopes to contribute to enhancing Arab youth's knowledge of the economic and financial issues and developments around it, in order to help achieve the future visions of the Arab countries.

In this context, the Arab Monetary Fund issued the tenth issue of its "introductory series" on "the reality of digital currencies" in the framework of the fund's promotion of the culture of dealing with modern financial technologies and developing them to keep pace with the digital transformation taking place in the contemporary world in the fields of information and communication technologies. The booklet sheds light on digital currencies, which are the main umbrella that includes many forms of currencies, including electronic, stable and cryptocurrencies, available in digital form.

It is worth noting that the huge boom in digital age technologies has led to the spread of these currencies, and made them transcend spatial limits in instant payments and transfers, as relying on them has become a means of exchanging services and goods and completing transactions thanks to the ease of circulation and transfer of ownership without being restricted to the place.

The issuance of this booklet comes in the awareness of the Arab Monetary Fund of the importance of shedding light on the reality of digital currencies and introducing their models, forms, advantages, potential risks and their implications for financial stability, and the role of central banks in this, in addition to identifying the various initiatives around the world in this regard.

The full version of the brochure is available at the link

https://www.amf.org.ae/ar/content/%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%D9%8F%D8%B5%D8%AF%D8%B1-%D8%A7%D9%84%D8%B9%D8%AF%D8%AF-%D8%A7%D9%84%D8%B9%D8%A7%D8%B4%D8%B1-%D9%85%D9%86-%D8%B3%D9%84%D8%B3%D9%84%D8%A9-%D9%83%D9%8F%D8%AA%D9%8A%D8%A8%D8%A7%D8%AA-%D8%AA%D8%B9%D8%B1%D9%8A%D9%81%D9%8A%D8%A9-%D8%AD%D9%88%D9%84-%D9%88%D8%A7%D9%82%D8%B9-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D8%B1%D9%82%D9%85%D9%8A%D8%A9