UAE cenbanker in U.S. to discuss liquidity crisis

Sat Oct 11, 2008 12:18pm EDT
 
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DUBAI (Reuters) - The Central Bank of the United Arab Emirates said on Saturday Governor Sultan Nasser al-Suweidi was in Washington to discuss the global liquidity crisis at meetings with world leaders.

Suweidi will attend meetings of the International Monetary Fund and World Bank to mainly discuss the liquidity crunch and financial markets turmoil, especially in industrialized nations, the bank said in a statement.

Suweidi said national and foreign banks are in a "strong financial position" and that the majority of their assets are in the UAE, according to the statement.

Finance ministers and central bankers from around the world will also attend the two-day meeting.

(Reporting by Ola Galal; Editing by Souhail Karam)

 

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