Africa-Press – Angola. Experts from the Central Banks of the Southern African Development Community (SADC) open, this Wednesday, the 56th meeting of the Committee of Governors of Central Banks (CCBG), which will analyze the financial system of the region.
The experts’ technical meeting will take place from the 10th to the 11th of this month, but behind closed doors, with the high-level meeting of the Committee of Governors of the SADC Central Banks scheduled for the 12th.
The two-day technical meeting will discuss and analyze the documents to be submitted and approved at the meeting of Central Bank Governors, whose event is hosted by the National Bank of Angola (BNA).
Among the documents to be analyzed is that of the financial system in the SADC region, with particular emphasis on payment systems, banking regulation and supervision, clearing and settlement, according to the note.
Committee members will also discuss the issue of the repatriation of banknotes and coins, the impact of exchange controls on cross-border flows of goods, services and capital, as well as exchanges in staff training.
This initiative of the Committee of Governors of Central Banks of SADC also envisages the creation of a database of monetary and financial statistics, an information bank on the structures and policies of central banks and financial markets in the countries of SADC.
Created in 1995, the Committee of Governors of Central Banks of SADC is a specialized structure in the promotion of close cooperation between the Central Banks of Southern Africa, considering its fundamental role in the promotion of economic and financial development through the adoption of policies that reinforce macroeconomic and financial stability.
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