• Business
    Thu 06-08-2020 20:30 PM

    CBUAE includes UAE Dirham as the first settlement currency in 'Buna' platform

    ABU DHABI, 6th August, 2020 (WAM) -- The Central Bank of the UAE, CBUAE, has signed an agreement with the Arab Monetary Fund, AMF, to include the UAE Dirham as a settlement currency in the Arab Regional payments clearing and settlement system called "Buna". "Buna" is a multicurrency platform that provides clearing and settlement services of cross-border payments in eligible Arab and foreign currencies across the Arab region and beyond, with links to major trade partners. This project is overseen by a committee chaired by...