|02 April, 2020

UAE appoints Abdulhamid Saeed as new central bank governor - government office

Saeed is replacing Mubarak Rashid al-Mansouri

General view of Central Bank of The U.A.E. on January 3, 2017 in Dubai, United Arab Emirates.

General view of Central Bank of The U.A.E. on January 3, 2017 in Dubai, United Arab Emirates.

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DUBAI- The United Arab Emirates' president appointed Abdulhamid Saeed as the new central bank governor, the government communication office said in a Twitter post on Thursday.

Saeed is replacing Mubarak Rashid al-Mansouri who has been at the helm of the institution since 2014.

The UAE's monetary policy is closely linked to that of the U.S. Federal Reserve due to a long-standing dirham currency peg to the dollar.

(Reporting by Alaa Swilam, Writing by Aziz El Yaakoubi; Editing by Alison Williams) ((aziz.elyaakoubi@thomsonreuters.com; +971552994086; Reuters Messaging: aziz.elyaakoubi.reuters.com@reuters.net))