UAE Central Bank To Introduce Real Time Settlement
The Central Bank of the UAE hasannounced that it is to launch a Real Time Gross Settlement System to providemore efficient and immediate interbank fund transfers in the UAE. According toa report in the Khaleej Times on 19August, the Central Bank has issued a circular to domestic banks declaring thatthe new Fund Transfer System will go live with effect from 25 August with agroup of banks that have already been...
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