Sat. AM KTFA News Articles 7-16-22

0
209

KTFA

Samson » July 16th, 2022

The Arab Monetary Fund Expands Its Activities To Support The Development Of Responsible Digital Payment Systems In Arab Countries

15th July, 2022

The Arab Monetary Fund joins the United Nations Global Alliance to Promote Digital Payments (Better than Cash Alliance) to Accelerate Financial Inclusion in the Arab Region

Within the framework of the Arab Monetary Fund’s programs and activities to promote financial inclusion, the Fund works to promote the use of responsible digital payments to improve access to finance and financial services, transparency, and efficiency. 

The Fund continues to focus its priorities on supporting youth, women and small enterprises in its efforts to digitize payments, in order to serve the purposes of achieving the sustainable development goals.

On this occasion, His Excellency Dr. Abdul Rahman bin Abdullah Al-Hamidi, Director General and Chairman of the Board of Directors of the Arab Monetary Fund, spoke:

“Promoting the digitization of responsible payments in our Arab countries will help attract more segments of society, especially youth, women and small enterprises to the financial system, in line with the requirements and needs of these groups, this will be reflected in supporting opportunities for sustainable growth, creating job opportunities, and promoting equality and financial stability in the Arab countries.”

The Arab Monetary Fund will join more than 80 members of the Better Than Cash Alliance from governments and regional and international financial institutions, committed to promoting responsible digital payments to help advance the Sustainable Development Goals. Joining the alliance highlights the keenness of the Arab Monetary Fund to lead efforts towards digitizing responsible payments in the Arab region, and to inform the members of the alliance about its activities to benefit from the exchange of experiences and expertise with other members, in a way that supports improving the digitization of responsible payments, at the global level and in the Arab world on in particular.

Dr. Ruth Goodwin Grün, Director General of the Global Alliance for the Promotion of Digital Payments, said, “We are pleased to welcome our newest member, the Arab Monetary Fund, which is participating in the growing global effort to shift from cash payments to a system of responsible digital payments to improve the lives of various segments of society.

We commend the The Arab Monetary Fund has a prominent vision in supporting the comprehensive development of its member states by promoting the digitization of responsible payment systems. LINK

Source: Dinar Recaps

______________________________________________________

If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
______________________________________________________

All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.

Copyright © 2022 Dinar Chronicles

LEAVE A REPLY

Please enter your comment!
Please enter your name here