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Bank liquidity drops as Bank Al-Maghrib reduces market interventions

Bank liquidity drops as Bank Al-Maghrib reduces market interventions

The average weekly liquidity requirement at the Central Bank of the UAE decreased to 127.3 billion dirhams in June, compared to 146.6 billion dirhams in May, leading to a reduction in total interventions to 152.4 billion dirhams. The bank has shifted towards using short-term advances, repurchase operations of various durations, as well as long-term secured loans, in order to manage liquidity more efficiently.

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