The Government is considering new options to help aid the nation’s financial sector, according to the UAE governor of the Central Bank, Sultan bin Nasswer al Suwaidi.
He said the Central Bank is working with the Ministry of Finance to formulate new policies, similar to those that have been enacted in the United States and the United Kingdom.
“There will be some arrangements to help the banks [decrease their loan to deposit ratios], but there a lot of issues. There is not only one solution for the whole thing. It is not only a cash injection that you need to do. You need to do multiple things, like they did in the US or the UK,” Mr Suwaidi said.
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