UAE, Seychelles sign MoUs to promote use of local currencies, interlink payment and messaging systems

ABU DHABI, 19th July, 2024 (WAM) -- Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), and Caroline Abel, Governor of the Central Bank of Seychelles (CBS), signed today in Abu Dhabi two Memorandums of Understanding (MoU) regarding enhancing the use of local currencies in settling cross-border financial and commercial transactions and interlinking payment and messaging systems between the two countr