Arab bankers meet in Amman

Meetings of the 22nd ordinary session of the council of the governors of Arab central banks and monetary establishments started on Sunday. Representatives of the Arab Monetary Fund, the International Monetary Fund, the Arab Banks Union, the Arab League and Arab stock exchange missions are also taking part in the session's activities.

Arab League assistant secretary general for economic affairs Abdul Rahman al-Suheibani made a speech in which he called on the Arab Central Bank governors to give special importance to directing monetary policies to serve the establishment of the Arab free trade zone, and develop trade exchange. He also called for establishing an Arab customs commission to unite customs.

The session is to discuss the 1998 draft Arab economic report, which deals with the most noteworthy social and economic developments in the Arab states during 1997, as well as the developments in the monetary conditions in stock markets in these states.

Arab cooperation and investment flow from and to Arab states are also to be discussed in the session.