MOSCOW (Sputnik) – The Central Bank of the United Arab Emirates (CBUAE) on Sunday said it had rolled out a set of capital and liquidity relief measures worth a total of 256 billion UAE dirham ($69.7 billion) to support the country’s economy and banking sector throughout the COVID-19 crisis.
The CBUAE has also extended its so-called Targeted Economic Support Scheme (TESS) to defer principal and interest payments on loans for affected retail and corporate customers until 31 December.
The UAE has so far confirmed 1,505 COVID-19 cases, including 10 fatalities.
As of Sunday, the number of coronavirus cases has surpassed one million globally with a total of 58,620 fatalities, according to the World Health Organisation.
Sourse: sputniknews.com
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