No. 17



UAE Central Bank Figures Show Rise In Liquidity And 17% GDP Growth

Figures released recently by the Central Bank of the UAE show the impact of a whole year of solid oil prices, which averaged $26.10/B, on the countrys overall liquidity (M1), which rose from Dh30.3bn ($8.2bn) at the end of 1999, to Dh34.1bn ($9.3bn) at the end of 2000 (see Table 1 below). According to the Banks Statistical Bulletin (Vol. 20, No 4) for the final quarter of 2000, private domestic...