26 July 2026 13:25 | Last updated: 26 July 13:33 2026
Strengthening Financial Cooperation
Khalid Mohammed Balama, Governor of the Central Bank of the United Arab Emirates, welcomed Yuda Nugraha, Ambassador of the Republic of Indonesia, at the bank’s headquarters in Abu Dhabi. The meeting was attended by the Governor’s assistants and several senior officials from both sides.
Enhancing Partnership in Digital Financial Innovation
During their discussion, the two parties explored ways to enhance the existing financial and banking relations between the UAE and Indonesia. They reviewed shared areas of interest aimed at supporting economic growth and strengthening the partnership between the two nations.
Facilitating Cross-Border Payments
The discussions also included bilateral cooperation aimed at connecting payment systems and facilitating cross-border payments through advanced solutions characterised by speed, efficiency, transparency, and cost-effectiveness. This effort aligns with both countries’ comprehensive development objectives.
Additionally, the parties talked about mechanisms to accelerate innovation in digital financial services, which supports the growing trade and investment flows between the UAE and Indonesia.
Khalid Mohammed Balama stated, “In line with the vision of our wise leadership to establish the UAE’s leading position as a global financial hub, and reflecting the deep strategic ties between the UAE and Indonesia, we at the Central Bank of the UAE are committed to strengthening our existing cooperation with the Republic of Indonesia in the financial and banking fields. We aim to develop innovative and secure digital payment solutions that contribute to enhancing economic resilience and broadening trade and investment exchanges.”
Commemorating Diplomatic Milestones
Yuda Nugraha, the Indonesian Ambassador to the UAE, praised the UAE’s progress in digital payment infrastructure. He noted that the celebration of the 50th anniversary of diplomatic relations between the UAE and Indonesia presents a timely opportunity to deepen collaboration between the central banks of the two countries. He expressed hopes that the use of local currencies for cross-border transactions, enhanced connectivity of payment systems, and ongoing sharing of expertise and knowledge would support trade and investment between the two sides and solidify the comprehensive strategic partnership between Indonesia and the UAE.