Saeed is replacing Mubarak Rashid al-Mansouri
DUBAI- The United Arab Emirates' president appointed Abdulhamid Saeed as the new central bank governor, the government communication office said in a Twitter post on Thursday.
Saeed is replacing Mubarak Rashid al-Mansouri who has been at the helm of the institution since 2014.
The UAE's monetary policy is closely linked to that of the U.S. Federal Reserve due to a long-standing dirham currency peg to the dollar.
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