Biggest U.A.E. Bank Says Dollar Supply Tight After Oil Drop

  • 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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