Financial and Banking News
BUDGETS AND REVENUES
UAE Will Resort to Treasury Bonds to Finance 1988 Budget Deficit
The Governor of the Central Bank of the UAE, Mr. 'Abd al-Malik al-Hammar,said last week that the UAE Government had no option but to resort to treasurybonds in order to finance the 1988 federal budget deficit. The Governor isquoted as having said that the time was ideal for the issue of such instrumentsbecause of the availability of excess liquidity in...