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CBUAE includes the UAE Dirham as the first settlement currency in "Buna" platform
The Central Bank of the UAE has signed an agreement with the Arab Monetary Fund to include the UAE Dirham as a settlement currency in the Arab Regional payments clearing and settlement system so-called “Buna”. “Buna” is a multicurrency platform that provides clearing and settlement services of cross-border payments in…
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Source: Central Bank of the UAE