Dubai – Mubasher: The Central Bank of the UAE is considering an increase in its capital by around 800% to AED 20 billion from currently AED 2.5 billion, revealed local media.
The capital raise study is part of proposed amendments to law for the central bank statute, UAE newspapers said.
In 2011, the central bank raised its capital from AED 300 million to AED 2.5 billion through transferring AED 2.2 billion from the federal government’s permanent deposit.
