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«Arab Monetary» and the development of digital payment systems Monday 18 July 2022 130 Baghdad: Follow-up to the morning The Director General and Chairman of the Board of Directors of the Arab Monetary Fund, Dr. Abdul Rahman bin Abdullah Al-Hamidi, said: “Promoting the digitization of responsible payments in our Arab countries will help attract more groups 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 sustainable growth opportunities, creating job opportunities, and promoting equality and financial stability in the Arab countries.” Al-Humaidi announced that “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 in promoting responsible digital payments to help advance development goals. sustainable”. Al-Hamidi stated: "Joining the alliance highlights the keenness of the 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 world." Arabic in particular. For her part, Director General of the Global Alliance for the Promotion of Digital Payments, Dr. Ruth Goodwin Groen said: "We are pleased to welcome our newest member, the Arab Monetary Fund, which is participating in the growing global efforts to shift from cash payments to a responsible digital payments system, to improve the lives of various segments of society." Groun praised the Fund's "outstanding vision in supporting the comprehensive development of its member countries by promoting the digitization of responsible payment systems."
