Suwaidi Says U.A.E. Banks Have Enough Liquidity for Economy

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United Arab Emirates banks have enough liquidity to meet the economy’s needs, said Sultan bin Nasser al-Suwaidi, the governor of the country’s central bank.

“The situation of liquidity and deposits in the banking system is normal and compatible with the economy and its needs at the moment,” Suwaidi said today in an interview in the Sudanese capital, Khartoum. “The banks lend when there is demand, when there are big projects that require a lot of financing,” he said.END