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))