UAE \ Central Banks And Financial Regulatory Institutions \ Central Bank of the United Arab Emirates \ Treasury Department \ Certificates of Deposit
General Description
Certificates of Deposit are issued on behalf of the Central Bank to the commercial banks, denominated in Dirhams, with maturities ranging from 30 days to 18 months. This is done on a daily basis, with rates reflecting current level of interest rates. The main objective of this program is to provide an investment vehicle in Dirhams for the commercial banks operating in the country at competitive rates.
(last updated: 04-September-2002)
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UAE \ Central Banks And Financial Regulatory Institutions \ Central Bank of the United Arab Emirates \ Treasury Department \ Certificates of Deposit
