By: Ramy Sameeh
Abu Dhabi-Mubasher: The UAE banking sector is maintaining good and comfortable levels of liquidity, said Saif Al Shamsi, the Central Bank's assistant governor for monetary policy and financial stability.
On the sidelines of “Arab Fiscal Forum: Fiscal Policy and Growth” held in Abu Dhabi on Monday, Al Shamsi noted that the UAE will not change its monetary policy in terms of its exchange rate peg to the U.S. dollar.
The government deposits fall will not affect the banking sector, he said, adding that the private sector’s deposits see a steady increase.
Translated by: Julian Nabil
