Arab Monetary Fund is a Regional Arab Organisation, Founded in 1976, and has started operations in 1977. Member Countries (22) are: Jordan, United Arab Emirates, Bahrain, Tunisia, Algeria, Djibouti, Saudi Arabia, Sudan, Syria, Somalia, Iraq, Oman, Palestine, Qatar, Kuwait, Lebanon, Libya, Egypt, Morocco, Mauritania, Yemen, Comoros.Its mission is to lay the monetary foundations of Arab economic integration and accelerating the process of economic development in all Arab countries. AMF’s vision is to be a pioneer Arab regional development institution in the field of economic, financial and currency reforms programs to achieve sustainable growth in the Arab region.
Introduction
Arab Monetary Fund is a Regional Arab Organisation, Founded in 1976, and has started operations in 1977. Member Countries (22) are: Jordan, United Arab Emirates, Bahrain, Tunisia, Algeria, Djibouti, Saudi Arabia, Sudan, Syria, Somalia, Iraq, Oman, Palestine, Qatar, Kuwait, Lebanon, Libya, Egypt, Morocco, Mauritania, Yemen, Comoros.
Objectives
The fund aims at contributing to the achievement of the following objectives:
Correcting disequilibria in the balance of payments of member States.
Striving for the removal of restrictions on current payments between member States.
Establishing policies and modes of Arab monetary co-operation.
Rendering advice, whenever called upon to do so, with regard to policies related to the investment of the financial resources of member States in foreign markets.
Promoting the development of Arab financial markets.
Paving the way towards the creation of a unified Arab currency.
Promote trade among member States.
The Mission:
To lay the monetary foundations of Arab economic integration and accelerating the process of economic development in all Arab countries.
The Vision:
To be a pioneer Arab regional development institution in the field of economic, financial and currency reforms programs to achieve sustainable growth in the Arab region.