Abu Dhabi - Mubasher: The Central Bank of the UAE (CBUAE) has pumped AED 14 billion in cash into the local market during April.
The injected money reduced the value of CBUAE's deposit certificates to AED 118.3 billion in the previous month, compared to AED 134.3 billion a month earlier, according to Emirates News Agency (WAM).
“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,” WAM revealed.
The increase of liquidity in the market will result in boosting the economic progress, experts told the Emirati news agency.
