UAE - Mubasher: The Central Bank of the UAE (CBUAE) has withdrawn surplus liquidity of AED 10.9 billion from the local market in August 2020, as shown by the latest data by the CBUAE.
The central bank's certificates of deposits increased to around AED 157 billion in August, compared to AED 146.1 billion in July.
It is noteworthy to mention that by the end of the first quarter (Q1) of 2020, the CBUAE injected a large amount of liquidity in the banking system to meet the market's needs before withdrawing part of it starting from June.
