The Arab Monetary Fund
Arab Monetary Fund is a Regional Arab Organization, Founded in 1976, and has started operations in 1977. Member Countries (22) are: Jordan, United Arab Emirates, Bahrain, Tunisia, Algeria, Djibouti, Saudi Arabia, Sudan, Syria, Somalia, Iraq, Oman, Palestine, Qatar, Kuwait, Lebanon, Libya, Egypt, Morocco, Mauritania, Yemen, Comoros. Objectives:
The fund aims at contributing to the achievement of the following objectives:
• Correcting disequilibria in the balance of payments of member States.
• Striving for the removal of restrictions on current payments between member States.
• Establishing policies and modes of Arab monetary co-operation.
• Rendering advice, whenever called upon to do so, with regard to policies related to the investment of the financial resources of member States in foreign markets.
• Promoting the development of Arab financial markets.
• Paving the way towards the creation of a unified Arab currency.
• Promote trade among member States.