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FINANCIAL FLAGSHIP. Payment AND Securities Settlement . Systems IN THE MIDDLE EAST AND. NORTH AFRICA. MASSIMO CIRASINO AND MARCO NICOL *. JUNE 2010. The World Bank *. DISCLAIMER - The current version of this chapter is based on the country assessments undertaken within the Arab Payment Initiative (API), the World Bank Global Payment Systems Survey 2008 and the Arab Monetary Fund (AMF) Payment and Settlement Systems in the Arab Region Statistical Booklet 2009 . This chapter is in the process of being updated with the responses to the World Bank Global Payment Systems Survey 2010; thus, some information may be outdated or incomplete and not reflect the current status in the country. Abstract This chapter provides a comprehensive overview of Payment and Securities Settlement Systems of MENA countries, from which a number of high-level recommendations have been drawn.
financial flagship . payment and securities settlement systems in the middle east and north africa . massimo cirasino and marco nicolÌ * june 2010
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