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

Consumer Banking Commitment to the people

Banker Middle East’s Retail Banker of the Year, Hamed Fayez, Senior Executive Vice President, Head of Retail Banking Group at… read more