Singapore Central Bank Boosts Cooperation
The Central Bank of the United Arab Emirates discussed with the Monetary Authority of Singapore ways to enhance cooperation in the fields of digital payments and green finance, particularly in applications involving central bank digital currencies, cross-border payments settlement, and climate risk management. This meeting is part of the framework of a Memorandum of Understanding signed in 2009 and aims to expand the partnership to facilitate trade and investment flows between the two countries and to promote the exchange of expertise to keep pace with global financial developments.
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