The Governor of the Central Bank of Egypt, Hassan Abdullah, said in a statement, “The memorandum of understanding reflects the close relationship between… Central Bank of Egypt And its Tunisian counterpart, and aims to advance the banking sector in both countries and support monetary and banking stability in order to achieve sustainable development, through exchanging expertise and experiences in common areas of work.”
For his part, Fathi Zuhair Al-Nouri, Governor, said Central Bank of Tunisia “This agreement embodies the depth of the historical and fraternal relations between the two brotherly peoples, and it is a new step towards strengthening the common ties between our banking institutions, and reflects our joint commitment to developing the financial sector in our two countries.”
The memorandum of understanding aims to exchange experiences and expertise through holding workshops, training courses, conferences and meetings and exchanging expertise in technical fields according to the needs of both parties, especially with regard to financial stability, regulatory developments, exchange rate policy, human resources, as well as settlement systems, payment systems and services, and inclusion. Finance, cash and liquidity management, research, publishing and statistics, combating money laundering and terrorist financing, control and supervision of entities subject to the two central banks, monetary policies and operations, digitization and modernization of information systems, in addition to cybersecurity and management of banking operations for the government and public institutions.
The Central Bank of Egypt said that signing the memorandum of understanding is a positive step to support the bonds of joint cooperation between the two brotherly countries, especially in the field of banking development, especially in light of the developments and international regulatory requirements and the digitization of banking operations, in light of the accelerating pace of the use of technology in relevant areas of work.
