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Sharjah24
Central Bank signs MoU with Syria
The Central Bank of the United Arab Emirates and the Central Bank of Syria have signed a Memorandum of Understanding to enhance cooperation in financial and supervisory fields, aiming to exchange expertise in payment systems, monetary policies, and innovative financial technologies. The initiative covers areas such as climate risk management, sustainable finance, financial inclusion, credit information systems, and improving licensing and regulatory compliance mechanisms. The agreement seeks to support the stability of the financial system and develop the financial sector in both countries through knowledge sharing and capacity building, with a focus on keeping pace with technological developments and achieving economic growth.
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