Biggest U.A.E. Bank Says Dollar Supply Tight After Oil DropBy , , and
Bank liquidity tightening as revenue from oil in region slumps
Most Arab Gulf countries have pegged currencies to U.S. dollar
National Bank of Abu Dhabi PJSC, the United Arab Emirates’ largest bank, said there’s a reduced supply of dollars in the country as the region grapples with the impact of oil trading around $30 per barrel.
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