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UAE raises interest rates
- United Arab Emirates: Monday, April 03 - 2006 at 07:44
The UAE Central Bank has raised interest rates on Certificates of Deposit from 4.5 to 4.75% in line with the US Federal Reserve rate hike. The UAE dirham is pegged to the US dollar and moves its interest rates in close synchronicity with the greenback.
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Peter J. CooperMonday, April 03 - 2006 at 07:44 UAE local time (GMT+4)
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