Council news

Gulf Monetary Council held its 58th board meeting

The Gulf Monetary Council (GMCo) held its fifty-eighth meeting for Board of Directors, Today, Tuesday 20 December 2022, corresponding to 26 Jumada al-Awwal 1444, via visual communication.
 
His Excellency Sheikh Bandar bin Mohammed bin Saoud Al Thani, Governor of Qatar Central Bank, chaired the 58th board meeting, which was attended by their Excellencies the Governors of national central banks in member countries, and in addition to participation of His Excellency GMCo’s president.
 
During the meeting, the board discussed a number of topics on the agenda and took the appropriate decisions in their regard.
 

The Gulf Monetary Council warns against impersonate of its name and identity in financial fraud and deceptive practices

The Gulf Monetary Council (GMCo) would like to warn the public of falling victim to any of financial fraud and deceptive practices by responding to suspicious attempts and advertisements that impersonate GMCo’s name and identity or claims its sender to be a member belonging to GMCo, and these carried out by means of various communications technology.

This warning has been issued following detection of a number of fraudulent calls and advertisements by unknown entities and persons during the recent period, which seek to access personal information and deceive individuals by impersonating GMCo’s name and identity or claims its sender to be a member of GMCo. These scams also intends to deceive individuals, recipients of such correspondence, into receiving guaranteed profits or sums of money and request registering their personal information via contacting with phone numbers or accessing phishing hyperlinks that aren’t related at all to GMCo.

GMCo also would like to warn about other fraud schemes, following detection of a number of fake accounts in social media and internet websites during the recent period. These scam accounts by unknown entities and persons attempt to impersonate GMCo’s name and identity or falsely claiming to be employees of GMCo with aim of job scams, commercial marketing purposes, or impersonating others.

In order to protect the public and contribute to efforts of fighting such deceptive practices and cybercrimes, the Gulf Monetary Council thereby urges to obtain the relevant information from official sources and not to respond to these phishing attempts, knowing that the Gulf Monetary Council does not have any account in any social media and internet websites except for one account in Linkedin to announce job vacancies, and in addition to the official website (www.gmco.int). This what needs to be clarified these against financial fraud and deceptive practices.

Gulf Monetary Council held its 57th board meeting

The Gulf Monetary Council (GMCo) held its fifty-seventh meeting for Board of Directors, Today, Monday 3 October 2022, corresponding to 07 Rabi` al-Awwal 1444, in Riyadh City, Kingdom of Saudi Arabia.

His Excellency Sheikh Bandar bin Mohammed bin Saoud Al Thani, Governor of Qatar Central Bank, chaired the 57th board meeting, which was attended by their Excellencies the Governors of national central banks in member countries, and in addition to participation of His Excellency GMCo’s president.

During the meeting, the board discussed a number of topics on the agenda and took the appropriate decisions in their regard.
 

Gulf Monetary Council held its 56th board meeting

MoU Signed Between Gulf Monetary Council and GCC General Secretariat

On Tuesday, April 19, 2022, the Gulf Monetary Council signed a Memorandum of Understanding (MoU) with the General Secretariat of the Gulf Cooperation Council (GCC). The Gulf Monetary Council was represented by its president, Dr. Atef bin Saleh Al-Rashidi, while the GCC General Secretariat was represented by the Assistant Secretary-General for Economic and Development Affairs Mr. Khalifa Bin Saeed Al-Abri.

The MoU included several aspects of cooperation and ways to enhancing GCC joint work between the two sides. The MoU signed is based on the decision of GCC Supreme Council (36th Session, Riyadh) to adopt the vision of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud in cementing GCC joint work.