Georgia and UAE Central Banks Sign Memorandum on Financial and Supervisory Cooperation
The National Bank of Georgia and the Central Bank of the UAE have signed a memorandum of cooperation. The National Bank of Georgia reported the signing on October 13. The governors of both banks signed the document in Bangkok, on the sidelines of the IMF and World Bank meetings.
The memorandum aims to strengthen financial and supervisory cooperation, information and experience sharing, and to support the development and stability of the banking and financial sectors in both countries. It provides for promoting fintech innovation, building institutional capacity and conducting joint research.
The Georgian side described the large-scale modernisation of the RTGS system and the ongoing development of the instant payment system (IPS).
Related directory categories: Banks in Tbilisi.
Sources: Source publication.
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