UAE cenbank pumps $3.8bln liquidity in April | ZAWYA MENA Edition:
"A total of Dh14 billion ($3.8 billion) in cash has been pumped onto the market by UAE’s Central Bank (CBUAE) in April, the highest liquidity injected by the country's primary financial regulator since the beginning of the year, a media report said. The move resulted in reducing the value of CBUAE's certificates of deposit to Dh118.3 billion from Dh134.3 billion in March, reported Emirates news agency Wam, citing official statistics. The fall in liquidity held by UAE banks over recent period has been attributed by industry analysts to tightened lending measures in addition to other arrangements adopted by CBUAE to ensure the smooth operation of the country's financial landscape."
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