Currency Pegs
1 articleFixed or tightly managed currency values are explored through the mechanisms used to maintain an official parity. Coverage addresses anchor currencies, bands, crawling arrangements, reserve needs, credibility, adjustment, defense under pressure and the consequences of abandoning a peg. The category distinguishes a peg from broader exchange-rate regime classifications and from a currency union, while also separating changes in parity from ordinary market depreciation.
UAE Banks Lift Deposit Rates as Credit Runs Ahead
UAE banks are raising savings offers as lending grows faster than deposits. In August, credit rose 2.6% month on month, against a 0.7% increase in deposits.