Thursday 8 December 2011

UAE central bank amends liquidity rules - Arab News

The United Arab Emirates' central bank has approved amendments to liquidity rules for the OPEC member's banks, it said on Wednesday.

"The central bank board reviewed a proposed liquidity regulation for banks operating in the UAE and instructed introduction of some amendments to it," it said in a statement.

The central bank did not give details about measures approved by the board on Tuesday. Its spokesman declined to comment.

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