Monday 07, April 2008 by

UAE: Interest rates down, money supply up

UAE’s currency continues to remain pegged to the US dollar. The Central Bank (CBUAE) manages money supply growth by aligning interest rates with that in the US, and by issuing certificates of deposit (CDs) to commercial banks in addition to other tools.

Features & Analyses

Investments A new class for BRVM

The West African Economic and Monetary Union has just been bumped to Frontier Market status, joining just five other African markets… read more