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

Commercial Banking Banking—creatively disrupted

Sanjeev Kumar, Group CEO, M Holdings Limited, discusses how Bank M became a top bank in Tanzania and why it is now taking its offering… read more