HE Obaid Humaid Al Tayer and HE Dr. Abdulrahman Bin Abdullah Al Hamidy,
HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs received HE Dr. Abdulrahman Bin Abdullah Al Hamidy, Director General and Chairman of the Arab Monetary Fund (AMF) at the Ministry of Finance’s (MoF) premises Dubai, today.
The meeting between the two parties involved discussions about the means of strengthening bilateral ties and joint work between the UAE and other Arab countries through the AMF, and the AMF’s latest developments and future plans to support the economic development of Arab countries. HE Dr. Abdulrahman Bin Abdullah Al Hamidy reviewed the AMF’s 2015-2020 strategic plan that aims to expand the Fund’s activities and initiatives.
HE Dr. Abdulrahman Bin Abdullah Al Hamidy also reviewed the latest work developments of the Arab Committee on Payment & Settlement Systems, which included a study to highlight the importance of implementing those systems and their role in providing the chance to stop using foreign currencies when clearing and settling inter- Arab payments, and encourage the use of Arab currencies.