Tunisia establishes permanent secretariat of the Maghreb Central Banks Governing Council

The secretariat of the Council of Central Bank Governors of the Arab Maghreb countries. Photo: La MAP

NEWSROOM (ADV) – The Central Bank of Tunisia (BCT) has just been appointed to chair a permanent secretariat of the Council of Central Bank Governors of the Arab Maghreb countries (Tunisia, Algeria, Morocco, Libya and Mauritania) learned Saturday from the communication office of the BCT.

According to the same source, this new regional mission for the BCT comes to crown the 8th session of the Board of Governors of Maghreb Central Banks, held this Saturday in Tunis at the invitation of the Tunisian Central Bank.

It should be noted in this regard that the last meeting of this Council dates back to 2008. For this year’s edition, the preparatory meeting took place in Indonesia on October 13, in the margins of the annual meetings of the IMF and the Bank World.

According to the BCT, this permanent secretariat will have as main objective the reactivation of the work of the Board of Governors of the central banks of the UMA (Arab Maghreb Union) in addition to the documentation and the follow-up of the various recommendations and decisions emanating from this council.

The Tunisian edition of this council was, moreover, crowned by the development of a common North African action plan based on four major components namely new financial technologies and cryptocurrency; financial inclusion; participatory finance in addition to the fight against money laundering and the financing of terrorism.

© Bur-csa – N.W – African Daily Voice (ADV)