UAE Central Bank to introduce Monetary Bills
UAE Central Bank to introduce Monetary Bills 21 Dec 2020 Business Bureau, Gulf Today The Central Bank of the UAE (CBUAE) announced on Monday that effective 11th January, 2021, a new securities issuance programme to licensed financial institutions and eligible investors, named Monetary Bills (M-bills) will be introduced. These securities will be auctioned and traded through Bloomberg’s primary and secondary market solutions and settled through a local platform, compliant with international standards, built and operated by Euroclear Bank. The objective of the new issuance prog...