Quote by: Abdul Aziz Al Ghurair

The Central Bank should have a permanent window for discounting high quality securities where banks could go and discount these. It gives peace of mind to the banks. In the absence of this facility, what banks tend to do is to keep a liquidity cushion for emergency requirements. This is a very expensive way of managing liquidity.

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Author Bio

  • NameAbdul Aziz Al Ghurair
  • DescriptionBusinessperson
  • AliasesAbdulaziz Abdulla Al Ghurair; Abdul Aziz Abdullah Al Ghurair
  • BornNovember 12, 1954
  • CountryUnited Arab Emirates
  • ProfessionEngineer; Chief Executive Officer