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Economists / Governors of "Monetary and Central Banks" discuss the developments of the establishment of the Gulf Payments Company GCC States

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Riyadh, 23 Jumada II 1439H (corresponding to March 11, 2018) 
The Committee of Governors of Monetary Institutions and Central Banks of the Gulf Cooperation Council (GCC) States will hold its sixty-ninth meeting tomorrow in Kuwait.
The Assistant Secretary-General for Economic and Development Affairs at the General Secretariat of the Gulf Cooperation Council, Khalifa bin Saeed Al-Abri, said that the draft agenda of the meeting includes a number of important topics, including the latest developments concerning the establishment of the Gulf Payments Company, which is of utmost importance to the aspirations of GCC citizens. To provide a safe and fast environment for remittances between the GCC countries. It will also contribute to enhancing the status of Member States financially and economically at the regional and international levels and contribute to achieving the aspirations of the GCC central banks and monetary institutions to provide financial services to customers in all categories. Of interest, through the completion of financial transfers and to facilitate the clearing and settlement of cross-border financial transactions securely and efficiently and create the infrastructure that ensures transfer quickly, unified and secure financial payments and enhance bilateral trade and multilateral activities of the parties between the Gulf Cooperation Council (GCC).
He added that the meeting will address the efforts exerted by the GCC countries in combating money laundering and the financing of terrorism, as well as the latest developments in the unification of monetary and financial statistics and the stages achieved by the Monetary Council during the last period. 
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15:40 t m 
 
 
 
 
 
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Provide a safe and fast environment for remittances between the Gulf States (today)

Today - Riyadh

The Committee of Governors of Monetary Institutions and Central Banks of the Gulf Cooperation Council (GCC) States will hold its 69th meeting today in the State of Kuwait.

The Assistant Secretary-General for Economic and Development Affairs of the General Secretariat of the Gulf Cooperation Council, Khalifa bin Saeed Al-Abri said that the draft agenda of the meeting includes a number of important topics, including the latest developments concerning the establishment of the Gulf Payments Company, which is of utmost importance to the aspirations of GCC citizens. To provide a safe and fast environment for remittances between the GCC countries, and will contribute to strengthening the financial and economic status of the Member States at the regional and international levels and contribute to achieving the aspirations of the central banks and monetary institutions in the Gulf. They are, through the completion of financial transfers and to facilitate the clearing and settlement of cross-border financial transactions securely and efficiently and create the infrastructure that ensures transfer quickly, unified and secure financial payments and enhance bilateral trade and multilateral activities of the parties between the Gulf Cooperation Council (GCC).

He added that the meeting will address the efforts exerted by the GCC countries in combating money laundering and the financing of terrorism, as well as the latest developments in the unification of monetary and financial statistics and the stages achieved by the Monetary Council during the last period.

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