UAE Central Bank launches new intraday liquidity facility

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UAE Central Bank launches new intraday liquidity facility

timestampApr 09, 2021 authorAlShorts Web Desk

UAE Central Bank has announced the launch of a new liquidity management facility (ILF), as part of implementation plan of the new Dirham Monetary Framework. It will take effect from 21 April aiming to provide funding from the CBUAE on intraday basis. ILF will be offered at zero-cost in order to incentivise parties to repay borrowed funds by the designated cut-off time.

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Gold prices steady over weak Dollar and treasury yields

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