The UAE Central Bank confirmed its readiness to support the banking system in the face of the risks of the Corona virus and to ensure the stability of the banking sector in the country.
According to Al Khaleej newspaper, Mubarak Rashid Al Mansouri, Governor of the Central Bank, said: The bank is closely monitoring developments related to the spread of the Corona virus, and we are working with banks and financial institutions, in addition to other stakeholders, to provide them with the necessary support to reduce the negative impact on financial stability and economic growth.
Al-Mansouri called on the banks to be ready to provide a sufficient amount of banknotes in the ATMs and in the branches, to keep their customers informed in the event of any change in working hours, as well as to ensure that their digital channels and call centers are equipped to deal with the large flow. < / p>
The Central has formed an internal committee whose responsibility is to take preventive measures at its headquarters and branches, including providing guidance to protect employees from the Corona virus, where its employees who deal with paper money are required, strictly in compliance with clearance procedures, and procedures for communicating with companies that transfer funds, to ensure the smooth and continuity of operations; So that the money is not handled with naked hands without the use of gloves.
The Central has gradually activated the remote work within the appropriate controls, and in line with the business continuity plan, and the external and internal meetings have been replaced with virtual platforms.
