Central Banking

Bahrain's payment system a success

The Central Bank of Bahrain said that its real time gross settlement (RTGS) payment system introduced on 9 August, has "dramatically speeded up the flow of money", leading to a more efficient financial sector.

"For the business community, time is money, and utilisation of the RTGS system can make a profound impact on how they do business and how they manage their cash flows," said Ahmed Buhijji, the central bank director responsible for banking services. "The central bank is committed to ensu