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The Money and Banking History of the United Arab Emirates

The Money and Banking History of the United Arab Emirates

Paperback

Accounting

ISBN10: 1919626409
ISBN13: 9781919626406
Publisher: Lightning Source Inc
Published: Jun 20 2021
Pages: 136
Weight: 0.76
Height: 0.29 Width: 8.27 Depth: 11.69
Language: English
The evolution of modern currency in the UAE reflects its economic growth from the underdeveloped years prior to the formation of the new state into a powerful global financial hub. These developments saw the abandonment of the Gulf rupee as the official currency and the adoption of the Qatar & Dubai Currency Board riyal in most emirates. As the Trucial States evolved into the United Arab Emirates they created a currency board prior to the formation of a central bank. This book details the process and problems resolved on the way. The text draws heavily on statistical analysis for the time period drawn from UK archives.

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