Q. Which among the following countries is not a member of Arab Monetary Fund?
Answer: A
Notes:
Explanation:
Arab Monetary Fund (AMF) is a regional Arab organisation, founded in 1976, and has started operations in 1977. Member Countries (22) are: Jordan, United Arab Emirates, Bahrain, Tunisia, Algeria, Djibouti, Saudi Arabia, Sudan, Syria, Somalia, Iraq, Oman, Palestine, Qatar, Comoros, Kuwait, Lebanon, Libya, Egypt, Morocco, Mauritania, Yemen.
Objectives
- The AMF aims at contributing to the achievement of the following objectives:
- Correcting disequilibria in the balance of payments of member states.
- Striving for the removal of restrictions on current payments between member states.
- Establishing policies and modes of Arab monetary co-operation.
- Rendering advice, whenever called upon to do so, with regard to policies related to the investment of the financial resources of member states in foreign markets.
- Promoting the development of Arab financial markets.
- Paving the way towards the creation of a unified Arab currency.
- Settling current payments across member states to promote intra-trade.
