Euroclear Expands Currency Choice Via Bank of New York Mellon Gateway
Euroclear Bank selected The Bank of New York Mellon’s treasury services to provide multi-currency payment and foreign-exchange services for five currencies in the Middle East and Africa. Since 25 February 2008, United Arab Emirates Dirham, Saudi Arabian Riyal, Qatari Riyal, Bahraini Dinar and the Egyptian Pound have been eligible as settlement currencies in Euroclear Bank. The Bank of New York Mellon is the global cash network provider for all of the new currencies.
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