The meeting of central bankers and financial bodies Arabic in Algeria

Sunday 14 / September / 2014 - 19:47


Algeria began the day of the session for 38 central bankers and financial institutions looking to Arab issues related to the Commission and to strengthen financial supervision to deal with banking institutions with locally systemic risk and its importance in enhancing the safety and stability of the financial and banking system, "according to the Saudi Press Agency."

Also considering the establishment of a regional system for clearing and settlement of payments inter-Arab and display the results of a comprehensive feasibility study that was completed on this project as well as to address the results of the Regional Task Force to promote financial inclusion in Arab states.

He called on Chairman of the Board of Governors of the central banks and monetary institutions Arab friend Omar grand opening of the session to continue the efforts of banking reform in the Arab countries in light of the difficult economic conditions being experienced by the region, stressing the importance of the role of central banks in the Arab achieve fiscal and monetary stability.

He stressed the need to continue to deepen economic and social reforms and enhance opportunities for regional integration to overcome the situation.

According to the director general and chairman of the Arab Monetary Fund, Abdul Rahman bin Abdullah Hamidi that the Fund expects to achieve the economies of the region, the growth rate of approximately 3.6 at the end of the year 2014 is that this growth will be uneven among Arab countries.

He stressed that the financial and banking sector of the Arab enjoy many of the factors of stability, safety and efficiency, which encourages the face of challenges, but Arab countries should continue efforts in improving access to finance and financial services and the development of sector institutions, non-banking financial and capital markets in local currencies.

And on the other hand, warned of the risks of global economic developments in the region, pointing to slowing economic recovery in Europe and the decline in the growth momentum of the Chinese economy and the impact of sanctions on Russia, which Syotr on trends in commodity prices and the emerging economies and developing countries.


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List of banks in the Arab world


http://en.wikipedia.org/wiki/List_of_banks_in_the_Arab_world

Arab Central Banks



Algeria             Bank of Algeria
Bahrain            Bahrain Monetary Agency
Comores          Banque Central Des Comores
Djibouti           Central Bank of Djibouti
Egypt             Central Bank of Egypt

Iraq                  Central Bank of Iraq

Jordan            Central Bank of Jordan
Kuwait            Central Bank of Kuwait
Lebanon          Bank of Lebanon
Libya              Central Bank of Libya
Moritania         Central Bank of Moritania
Morocco          Bank Al-Maghrib
Oman              Central Bank of Oman
Palestine          Palestine Monetary Authority
Qatar              Qatar Central Bank
S. A.               Saudi Arabian Monetary Agency
Somalia            Central Bank of Somalia
Sudan             Central Bank of Sudan
Syria               Central Bank of Syria
Tunisia             Central Bank of Tunisia
U.A.E.              Central Bank of U.A.E.
Yemen             Central Bank of Yemen



http://www.amf.org.ae/content/arab-central-banks