CAIRO – The Central Bank of Egypt (CBE) and its Tunisian counterpart have signed a memorandum of understanding to enhance co-operation and exchange expertise in financial stability and monetary policy.
The MoU was signed by CBE governor Hassan Abdullah and Fat’hi Zohir al-Nouri of the Central Bank of Tunisia.
“The MoU reflects the strong relationship between the CBE and its Tunisian counterpart, and aims to advance the banking sector in both countries and support monetary and banking stability, thus achieving sustainable development,” Abdullah said in statements Monday.
Nouri, for his part, said the MoU constitutes a new step towards strengthening common ties between the banking institutions in the two Arab countries.
It reflects a shared commitment to developing the financial sector in Egypt and Tunisia, he added.
Under the MoU, the two central banks will organise workshops and conferences that focus on financial stability, exchange rate policies, human resources, financial inclusion, cash and liquidity management, anti-money laundering and counter-terrorism financing, as well as cybersecurity and management of banking operations for government and public institutions.
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