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UAE Federal Competitiveness and Statistics Authority

UAE Federal Competitiveness and Statistics Authority latest

"The US dollar - and consequently the dirham - has strengthened against the emerging market currencies this year and this does help in reducing the import prices. (Shutterstock)
August 19th, 2018 - 07:48 GMT

UAE Dirham Stands Strong Against Emerging Market Currencies

Importing goods from Turkey, Pakistan, India and China have become cheaper by up to 80 per cent due to the rising value of the UAE dirham against major emerging market currencies, hence benefitting consumers.
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