All ATMs must be sanitised on a regular basis/Bloomberg
by Kudakwashe MuzoriwaThe Central Bank of the UAE (CBUAE) has directed banks to replenish ATMs with new banknotes of all denominations and ensure money remains available during the salary payment cycle for this month to prevent the spread of COVID-19 and ensure the health, and safety of customers.
CBUAE also instructed banks to implement additional preventive measures such as sanitising all ATMs regularly and provide customers with disposable latex gloves.
Last week, the central bank also urged banking customers to adopt digital and online banking services as a measure to protect the health and safety of UAE residents.
Furthermore, CBUAE rolled out an AED 100 billion ($27 billion) stimulus package to support the financial sector as the second biggest economy Gulf seeks to mitigate the economic impact of COVID-19.
The Targeted Economic Support Scheme consists of an AED 50 billion aid package for banks in the country through collateralized, zero-interest loans. Banks will also be allowed to free up capital buffers, which will make another AED 50 billion in liquidity available to lenders.
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CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
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