Central Bank of UAE to press on with measures that support growth and digital banking – The National

Central Bank of UAE to press on with measures that support growth and digital banking – The National

Amid the global pandemic, 'efficient policies and mechanisms', are required, says Sheikh Mansour bin Zayed





























The UAE Central Bank is pressing on with measures that support economic growth, financial stability and digital transformation. Ryan Carter / The National





















July 27, 2020



July 27, 2020













The Central Bank of the UAE will continue to focus on financial and fiscal stability during the current crisis, supporting economic growth, countering inflation and boosting the country's foreign currency reserves, its chairman said.



The "critical juncture“ the world is at amid the global pandemic, requires further development of the financial infrastructure and digital solutions, which the UAE regulator is overseeing, Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, said according to Wam.



"Efficient policies and mechanisms will be developed to respond to rapid developments in the global banking and monetary sector," Sheikh Mansour said.



"The coming period will see significant support by the board for the central bank's senior management to embrace digital transformation and to ensure greater efficiency and a higher