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business24-7.ae, Monday 31 May 2010


UAE Sticking To Dollar Peg: CB


Staff Writer:

The UAE Central Bank (CB) yesterday used the launch of an updated website to renew its commitment to the dirham's peg to the US dollar.

Central Bank Governor Sultan bin Nasser Al Suwaidi outlined the bank's functions in a statement to announce the updated website.

"The Central Bank is working to maintain a fixed exchange rate of the dirham against the US dollar and to ensure the free convertibility of the national currency into foreign currencies."
 

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