Arab Today, arab today dollar peg here to stay uae central bank
Last Updated : GMT 08:40:38
Arab Today, arab today
Arab Today, arab today

Dollar peg here to stay: UAE Central Bank

Arab Today, arab today

Arab Today, arab today Dollar peg here to stay: UAE Central Bank

Abu Dhabi - Arabstoday

The UAE has become a net lender in the international money markets with the country\'s banking system moving from a \"deficit position to surplus position in liquidity\", the UAE Central Bank said Tuesday in a statement, citing an internal report submitted by Assistant Governor for Banking Supervision. Latest central bank data issued last month showed bank deposits in the UAE increased 0.2 per cent during June over the previous month, reaching Dh1.126 trillion. During the same month, bank loans and advances (net of provisions and interest in suspense) increased by 0.7 per cent, reaching Dh1.056 trillion, and total bank assets increased by 0.2 per cent, reaching Dh1.707 trillion. Reversal of situation Commenting on the development, National Bank of Abu Dhabi\'s Chief Economist, Giyas Gokkent told Gulf News: \"UAE banking system has foreign assets and also foreign liabilities. In 2006 foreign assets of the banking system exceeded foreign liabilities. Then, in 2007 the situation reversed. More recently, foreign assets had come close to foreign liabilities. This was as of May. The central bank statement suggests that dependence on foreign funds for the banking system is less of an issue than before; the point they are making I assume is that vulnerability is less.\" Article continues below The board of the apex bank yesterday also reviewed the report of the manager-in-charge of the Financial Stability Unit, which showed that \"banks are in a good position and should not be negatively impacted by the recent turmoil in international markets\". The central bank reaffirmed yesterday that the UAE dirham\'s peg to the US dollar would continue. \"On the issue of the exchange rate policy, the Board of Directors affirmed that the peg of the dirham to the US dollar is continuing without change,\" the statement said. The central bank\'s stance on the dollar peg yesterday follows a senior UAE Central Bank official\'s comments on the issue earlier this week and a statement issued by the apex bank in late July.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dollar peg here to stay uae central bank Arab Today, arab today dollar peg here to stay uae central bank

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday