Governor of the Monetary Authority Meets the Governor of the Central Bank of Bahrain and the CEO of the Bahrain Institute of Banking and Finance

Economy SadaNews - The Governor of the Monetary Authority, Mr. Yahya Shanar, met in the Bahraini capital, Manama, with the Governor of the Central Bank of Bahrain, Khalid Ibrahim Hamidan.

The governor, Shanar, reviewed the reality of the Palestinian banking sector, the efforts of the Monetary Authority to maintain financial stability amid the exceptional circumstances faced by Palestine, and the Authority's measures to develop the financial infrastructure and promote financial inclusion, pointing to the progress made in areas of digital transformation and modern payment systems.

Shanar also expressed his gratitude and appreciation to the Kingdom of Bahrain for its generous hospitality and continuous support for Palestine in various fields, emphasizing the importance of continuing joint coordination to serve the interests of the financial and banking sector in both brotherly countries.

For his part, Governor Hamidan welcomed his Palestinian counterpart, affirming the depth of the fraternal relations between the Kingdom of Bahrain and the State of Palestine, and pointing to the noticeable development in the Palestinian banking sector and the active role of the Monetary Authority in maintaining financial stability despite the challenges.

Both governors agreed to enhance ways of cooperation and exchange banking expertise for the benefit of both sides.

Governor Shanar also met with Dr. Ahmad Al-Sheikh, the CEO of the Bahrain Institute of Banking and Finance, with the aim of discussing mechanisms to benefit from the training programs implemented by the institute and reviewing its role in developing human competencies and qualifying the workforce in the financial and banking sectors in Bahrain and the region.

During the visit, the prospects for cooperation between the Bahrain Institute of Banking and Finance and the Palestinian Banking Institute, which is chaired by Governor Shanar, were discussed, especially in the areas of training, capacity building, and exchange of experiences, to enhance the professional development of workers in the Palestinian financial and banking sector.