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Recent developments in the Arab region, which have started to integrate the economic and financial systems of the region’s countries, have also begun to accelerate the flow of payments related to greater trade and greater labor and capital mobility within the region. This trend is expected to continue due to bilateral and multilateral policy initiatives of the countries in the region to integrate their national economic and financial systems even more effectively in the coming years. Consequently, the national authorities of many of the region’s countries, especially the Central Banks, have begun to consider the case for the integration of payment systems within the Arab region.