Abu Dhabi – Mubasher: The Central Bank of the UAE (CBUAE) has withdrawn an excess liquidity of AED 7 billion from the local market during May.
The bank’s certificates of deposits (CDs) increased to AED 125.2 billion after the withdrawal of the excess liquidity, according to an official statement.
In April, the CBUAE injected AED 14 billion in cash into the local market, which reduced the value of the bank's CDs to AED 118.3 billion.
