Tag Archives: central bank

The abrupt resignation of Tayyip Erdogan’s son-in-law from one of Turkey’s most powerful cabinet positions shocked the government and angered some ruling party members who say the nature of his departure damages the president. Finance and Treasury Minister Berat Albayrak oversaw economic policy for two tumultuous years during which Turkey …

Uzbekistan, long unknown to most Westerners, is already shaping the travel scene for 2020. This culturally rich and historically compelling country, along with the rest of central Asia, has been named the No. 1 travel region for the new year by travel website Lonely Planet due to its easy access …

Ten-year term interest rate SWAPs maintained an upward movement in 2018, spiking to 4.39 percent in mid-November from 3.7 percent in early January before rebounding to 4.15 percent by the end of the year, statistics by the Central Bank of the United Arab Emirates have shown. Interest rate swaps are …

Central Bank of the UAE (CBUAE) regularly ensures all banks operating in the UAE are provided with new bank notes to meet the needs of their customers during festive seasons. ”As Eid Al Fitr approaches, CBUAE has instructed all banks to ensure cash exchange services are well taken care of …

Using cheques to settle bills, from rents, utilities to big-ticket purchases remains popular in the UAE, but it looks like people have smartened up or gotten extra cautious when dealing with non-cash transactions. The latest official data show that there have been fewer bad cheques intercepted in 2018 than in 2009, …

Expatriates in the UAE continue to send more of their earnings back to their home countries as the US dollar holds strong against several currencies, with remittances in the last quarter alone reaching Dh43.2 billion. According to the figures released by the UAE Central Bank, outgoing money transfers went up by Dh1 …

UAE Central Bank is taking measures to mitigate risks arising out of cyber-attacks and is planning to set up a dedicated department to deal with the issue, its governor said in Abu Dhabi on Wednesday. “Cyber risks go hand in hand with digitalization of financial services,” said Mubarak Rashed Al …