Mansour bin Zayed chairs CBUAE’s board meeting

Mansour bin Zayed chairs CBUAE’s board meeting

ABU DHABI, 13th December, 2022 (WAM) -- The Board of Directors of the Central Bank of the UAE (CBUAE) convened today at Qasr Al Watan under the chairmanship of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of the CBUAE's Board of Directors.

The CBUAE Board went over the meeting's agenda, reviewed the issues brought up by the various CBUAE divisions, and evaluated how well projects and plans were progressing in alignment with the national economic and future goals before making the required decisions.

The Board deliberated the financial infrastructure reform programme for the nation's financial and insurance sectors.

The meeting covered a series of topics, including the progress of the Central Bank's initiative regarding the Emiratisation programme in the banking, financial, and insurance sectors, while looking into statistics and initiatives aimed at boosting Emiratisation rates in these sectors, particularly in exchange and financing companies.

The Board members examined the National Payment Systems Strategy Programme's advancements, approved the Union Payments Company's creation as a Central Bank subsidiary, and laid out the company's mission and services.

They looked over the latest updates relevant to the domestic payment scheme and made the required decisions.

The Board also approved