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Fiscal Buffers ‘Will Protect’ UAE
World Economy

Fiscal Buffers ‘Will Protect’ UAE

Large fiscal buffers built up by the UAE’s Central Bank will protect the local economy from the impact of global external factors such as low oil prices, its governor has said, Arabian Business reported. Mubarak al Mansouri said that monitoring and anticipating possible risks, while building on the lessons learned from the financial crisis, remains a priority for the UAE’s Central Bank. In an interview with Oxford Business Group, Al Mansouri said the Central Bank’s strategies had been instrumental in cushioning the blow of lower oil prices and an appreciating US dollar on the domestic economy.

 

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