The Governor of the Central Bank of the UAE (CBUAE), Khaled Mohamed Balama, recently held a meeting with Judha Nugraha, the Ambassador of the Republic of Indonesia to the UAE, at the CBUAE headquarters in Abu Dhabi.

The discussions focused on enhancing the financial and banking relations between the two nations, with an emphasis on fostering economic growth and strengthening their strategic partnership.

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A key highlight of the meeting was the exploration of bilateral cooperation to interconnect payment systems.

Both sides expressed a strong interest in facilitating seamless cross-border payments through advanced, fast, efficient, transparent, and cost-effective solutions.

This initiative aligns with the comprehensive development goals of both countries, aiming to streamline financial transactions and reduce barriers to trade and investment.

The dialogue also delved into mechanisms to accelerate digital financial innovation.

This includes developing secure digital payment solutions that enhance economic resilience and promote bilateral commerce.

Commitment to Financial Cooperation

Khaled Balama emphasized the UAE's commitment to solidifying its position as a global financial hub.

He stated that the CBUAE is dedicated to anchoring mutual cooperation in the financial and banking sectors, in line with the vision of the UAE's leadership.

The goal is to create innovative and secure digital payment infrastructures that not only boost economic resilience but also support bilateral trade and joint investments.

Ambassador Judha Nugraha praised the UAE's advancements in digital payments infrastructure.

He noted that the 50th anniversary of diplomatic relations between Indonesia and the UAE presents a timely opportunity to deepen cooperation between their central banks.