The seventh ordinary session of the Council of the Governors of Central Banks in the Arab Maghreb Union (AMU) member countries opened here Thursday, with the agenda dedicated to harmonising the economic policies of the member countries. Governors from Central Banks of Libya (Ferhat Ben Ghdara); Tunisia (Taoufik Bakar), Algeria (Mohamed Ben Sassi), Morocco (Abdelatif Al-Jawahiri), the Deputy Governor of the Mauritanian apex bank, Cheikh Sidi El Moctar Ould Cheikh Abdallahi and the Managing Director of the Union of the Maghreb Banks, Mohamed Rached Al-Arabi, are taking part in the session. The meeting will also examine the findings of the studies cnducted by the Centra l Banks on mechanisms to fight against money laundering, promote the role of commercial banks and financial institutions and the management of foreign reserves in the Union’s member countries. The AMU groups Algeria, Libya, Morocco, Mauritania and Tunisia.
