EFTA Document EFTA01379424

22 December 2017 EM Currency Handbook 2018: Still Fuel in the Tank Regulatory framework and approach • The Central Bank of the UAE regulates exchange rate policy and is responsible for implementing monetary policy (http://www.centralbank.ae). • Monetary policy is conducted using a series of instruments: minimum reserve requirements, swap operations, advances & overdraft facility for banks, prudential regulation and the issuance of Certificates of Deposits (CDs), liquidity support facili