Central Bank of the UAE and Monetary Authority of Singapore Discuss Enhancing Financial and Technological Cooperation in Bangkok
The Central Bank of the United Arab Emirates held a bilateral meeting with the Monetary Authority of Singapore to explore avenues for strengthening mutual cooperation. The meeting took place on the sidelines of their participation in the 2026 Annual Meetings of the International Monetary Fund and the World Bank Group in Bangkok, Thailand.
High-Level Attendance
The Central Bank was represented by His Excellency Ibrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability; His Excellency Ahmed Said Al Qamzi, Assistant Governor for Banking and Insurance Supervision; and Mohammed Hussain Al Marzooqi, Head of International and Domestic Affairs. The meeting was attended by Mr. Leong Sing Chiong, Deputy Managing Director (Markets & Development) at the Monetary Authority of Singapore, along with several senior officials.
Key Discussion Areas and Future Partnership
Both parties reviewed key areas of joint collaboration, including the development of Central Bank Digital Currencies (CBDCs), cross-border trade and settlement solutions, and cross-border QR code payments. Discussions also covered green finance and climate-related financial risk management, building upon the Memorandum of Understanding (MoU) signed between the two institutions in 2009.
Official Statement
Highlighting the depth of the partnership, H.E. Ahmed Said Al Qamzi stated: "Our partnership with the Monetary Authority of Singapore spans over 17 years. Today, we aim to expand this collaboration into new domains, particularly cross-border payment and settlement solutions. This will facilitate trade and investment flows, benefiting both individuals and businesses while strengthening the capacity of both institutions to keep pace with rapid transformations in the global financial sector."