Frontline Heroes Office salutes UAE’s Central Bank as an essential frontline institution

Emirates News Agency | Oct 24, 2020 at 6:45 PM
  • The Frontline Heroes Office praised the positive and effective role of the Central Bank of the United Arab Emirates and its initiatives in sustaining the UAE economy during the COVID-19 pandemic.
  • The innovative and comprehensive initiatives, presented by The Central Bank ensure the protection of capital, and well as maintenance of the minimum requirements that banks need to conserve, while allowing them to defer payments on capital and loans interests.
  • It is difficult to measure the full immediate and long-term impact the Central Bank initiatives have had and will continue to have in the future.