UAE faces dollar shortage, says largest local bank

By: Ramy Sameeh

Abu Dhabi-Mubasher: "The UAE market is running short of dollar supply, but is not suffering a crisis," Alex Thursb, CEO at National Bank of Abu Dhabi’s (NBAD), the country’s largest bank by assets.

Foreign reserves reached AED 341.12 billion ($93 billion) in December 2015, compared to AED 285.036 billion ($77.6 billion) in November 2015, according to recent figures published by UAE's central bank.

Translated by: Julian Nabil 

MUBASHER Contribution Time: 02-Mar-2016 13:19 (GMT)