answersLogoWhite

0


Best Answer

The interest rate charged by banks in the United Arab Emirates for interbank transactions. In most cases, EIBOR is the reference rate most commonly used by borrowers and lenders to conduct financial transactions in Dubai and the surrounding Emirates. Interbank rates reflect the average of eight banks, excluding the highest and lowest rates provided on a daily basis. United Arab Emirates banks launched a one-week interbank offered rate on Monday, striving to meet demand for a reference rate for short-term liquidity. UAE money market rates have been falling as the central bank and finance ministry of the second-largest Arab economy adopted a series of measures to defrost credit markets, including interest rate cuts and emergency funding facilities for banks. The one-month rate was 2.7875 percent on Monday, down from more than 4.3 percent in December. In December, the central bank said it was starting offering UAE dirham-U.S. dollar swap facilities with maturities ranging from one week to 12 months. (Reporting by Daliah Merzaban; Editing by Inal Ersan) The interest rate charged by banks in the United Arab Emirates for interbank transactions. In most cases, EIBOR is the reference rate most commonly used by borrowers and lenders to conduct financial transactions in Dubai and the surrounding Emirates. Similar to the London Interbank Offered Rate (LIBOR), EIBOR futures contracts are available for trade and there are various EIBOR offered rates depending on the life of the loan.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How is the interbank offered rate decide in United Arab emirates?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How the banks decide a interbank offer rate like LIBOR in other words what factors lead these banks to comeup with interbank offer rate?

"The banks are asked daily by the BBA to "contribute the rate at which they could borrow funds from other banks for certain short-term periods were they to do so by asking for and then accepting interbank offers in reasonable market size". In other words, the banks' quote reflect what is offered to them, NOT what they are offering to others.


What is the current crisis in the United Arab Emirates?

they do not pesonally have any real issues although theymay decide to bail out Dubai who are in huge debt.


Which is bigger Celtic park or emirates?

Celtic park has a slightly bigger attendance than the Emirates .Celtic park has the potential to become even bigger if the club ever decide to redevelop the south stand.The Emirates stadium can never be expanded. Celtic park attendance is 60'800 the Emirates stadium is 60'361 .Celtic park has a great atmosphere the Emirates is like a graveyard


Do you have to pay for a paternity test in the United Kingdom?

Yes you do have to pay for paternity testing in the United Kingdom. However, whether you decide to purchase an at home DNA paternity test or test through an accredited testing laboratory most tests are offered at affordable low rates, with results within 3-5 days.


What group of people in the united states government decide if state laws are constitutional?

The supreme court used to. now they decide based on contributions.!!


Does the prime minister decide if united kingdom go to war?

No, Parliament decides.


When does a person decide to smoke marijuana?

A person decides to smoke marijuana when they are offered it, have an opportunity to buy and smoke it, or when they have an urge to smoke marijuana.


What are the release dates for The United States Steel Hour - 1953 A Time to Decide 8-5?

The United States Steel Hour - 1953 A Time to Decide 8-5 was released on: USA: 2 November 1960


Who is better Manchester United or Real Madrid?

Opinions differ. It's up to you to decide.


What did President Johnson decide not to do in 1968?

Run for a second term as President of the United States.


Who decides when a civic holiday will happen?

Governments decide which days will be designated holidays, civic or otherwise. Likewise governments, in the United States that would be specifically the United States Congress, decide if the dates of holidays, including civic ones, should be changed.


Why does the founders of the US decide to take a census?

So they can see how much people there is in United States