UAE tightens up on forex

The UAE central bank has issued new directives raising the minimum capital for a new exchange house with limited liability to $13.6m, and the same sum for an existing exchange house to change its status to limited liability. In addition this capital must be deposited in a special account over which the central bank will have control.

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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