UAE seeks new controls on inflow of hot money - The National Newspaper

The Central Bank Governor has called for new restrictions to manage flows of so-called hot money into Arab economies.

Greater supervision of the financial system could help to avoid the build up of such short-term speculative capital, said Sultan al Suwaidi.

“Such money is harmful to our economies and we should put mitigants in its way to stop it,” Mr al Suwaidi said during a speech in Abu Dhabi yesterday.