#currency

Central banks to increase gold holdings over crisis concerns

Anticipated changes in the international monetary system and concerns over rising economic risks in reserve currency economies are also major factors

Gold

Gold holds weekly gain as dollar extends drop on risk sentiment

Bullion has risen past $1,850 an ounce in the second half of May

uae currency dirhams

UAE Public Prosecution warns of life imprisonment for counterfeiting currency

Those found guilty will also be liable to pay a fine of not less than Dhs200,000

UAE Exchange starts issuing refunds – report

UAE Exchange, which operates more than 100 branches across the country, stopped all transactions in March

UAE issues special coins, bank note to commemorate Year of Zayed

A total of 5,000 silver commemorative coins weighing 60 grams will be issued

UAE Dirham Will Remain Pegged To US Dollar – Central Bank

The regulator denied reports that the country was studying the feasibility of continuing the peg between the dirham and the US dollar.