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Arab Financial Institutions (Hardcover)
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Arab Financial Institutions (Hardcover)
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Today, the financial sector may be considered as the most mature
sector compared to other economic sectors in the Arab economy. It
uses local as well as foreign currencies in matter of exchanges and
in measuring value of investment. The financial sector offers
services through the process of buying money, financial instruments
and securities or financial services in certain situation, and then
reselling these money or financial instruments or services in
another situation. The institutions that provide such services are
called intermediary financial institutions, while the places of
selling and buying money and financial instruments are known as
financial markets. Accordingly, the financial sector includes
besides the national currency, two major parts, financial markets
and financial institutions, which have different merits, functions
and mechanisms. Thus, this book is devoted to the financial
institutions besides the issue of national currency in the Arab
economy.
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