In its latest report on the Gulf region, IMF also said GCC has been resilient to recent shocks and the economic outlook remains favourable
business1 hour ago
The Central Bank of the UAE (CBUAE) has directed banks to replenish ATMs with new banknotes of all denominations and to ensure the availability of cash during the salary payment cycle this month.
According to a press release issued by CBUAE, the move is in line with the efforts to prevent the spread of the Covid-19 coronavirus, and to ensure the health and safety of bank customers.
The CBUAE has also advised banks to immediately implement additional preventive measures regarding ATM usage, such as sanitising all ATMs on a regular basis and providing preventive equipment (disposable latex gloves) to all customers while using the ATMs at all times.
Meanwhile, the Central Bank of Bahrain (CBB) has instructed money changers to disinfect all incoming currency notes and wholesale imported notes to limit the risk of exposure to the coronavirus.
Under the instructions, money changers are required to disinfect incoming currency and wholesale imported notes with Ultraviolet Germicidal Irradiation (UVGI) or by isolating notes for 72 hours.
In its latest report on the Gulf region, IMF also said GCC has been resilient to recent shocks and the economic outlook remains favourable
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