Yemen chairs 31st meeting of Arab Committee on Payment and Settlement Systems

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Yemen chairs 31st meeting of Arab Committee on Payment and Settlement Systems

[29/09/2025 05:29]

ABU DHABI-SABA
The Republic of Yemen, represented by the Central Bank of Yemen (CBY) chaired the thirty-first meeting of the Arab Committee on Payment and Settlement Systems, organized by the Arab Monetary Fund (AMF) today, Monday, in Abu Dhabi, the United Arab Emirates (UAE).

The meeting brought together directors of payment systems in Arab central banks.

Yemen's chairing of this meeting comes within the framework of enhancing the role of the CBY in regional financial forums and as a confirmation of efforts exerted in developing payment systems and promoting Arab financial integration.

The discussions focused on a number of technical topics related to the development of regional payment systems, namely the progress made in operating the 'Buna' platform for Arab payments, expanding the use of Arab currencies in settlement operations and improving joint efforts in cybersecurity, modern financial technologies (Fintech) and digital transformation.

The Chairman of the Council, representing the CBY, Director of the Payments Department at the bank, Kamal al-Subaihi, highlighted the importance of strengthening Arab cooperation in the payment sector, praising the role of the AMF in supporting the development of financial infrastructure at the regional level.