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Arab Monetary Fund (AMF)

Established: By Articles of Agreement signed April 27, 1976, in Rabat, Morocco, effective as of February 2, 1977.

Purpose: To correct disequilibria in the balance of payments of member states; to promote the stability of exchange rates among Arab currencies, rendering them mutually convertible; to promote Arab economic integration and development; to encourage the creation of a unified Arab currency; and to coordinate policies in other international monetary and economic forums.

Headquarters: Abu Dhabi, United Arab Emirates.

Principal Organs: Board of Governors (all members), Board of Executive Directors (nine members), Loan and Investments Committees.

Web site: http://www.amf.org.ae/vEnglish

Director General: Jassim al-Mannai (Bahrain).

Membership (22): Algeria, Bahrain, Comoros, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tunisia, United Arab Emirates, Yemen. ...

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