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Central Bank forex reserves up 25%
- United Arab Emirates: Tuesday, December 27 - 2005 at 13:25
The UAE central bank's foreign exchange reserves rose to $23bn in December this year, up 25% from December 2004, according to a central bank official quoted by Reuters. The bank is considering whether to convert some of its reserves from dollars to euros, but no decison has been made.
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James McInerney, News EditorTuesday, December 27 - 2005 at 13:25 UAE local time (GMT+4)
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This article was updated on Thu Oct 12 2006.
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