UAE launches ‘t-sukuk’ to support monetary policy
Central bank continues to implement its new dirham monetary framework
The Central Bank of the United Arab Emirates (CBUAE) and the country’s Ministry of Finance have launched a dirham-denominated ‘t-sukuk’ in a $272 million auction, as the central bank implements a new monetary framework.
The t-sukuk “will contribute to the implementation of the new dirham monetary framework and support the ongoing work to establish the dirham yield curve”, said Khaled Mohamed Balama, governor of the CBUAE.
According to media reports, the t-sukuk will be issued initially in
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