UAE denies claims of capital controls, reaffirms free motion of funds

ABU DHABI — The UAE Ministry of Economic system and Tourism on Thursday denied experiences circulating on social media claiming that the nation is imposing restrictions on capital motion or stopping international traders from transferring or managing their funds.

The ministry reaffirmed the UAE’s dedication to financial openness and the free move of capital consistent with worldwide greatest practices, emphasizing that these insurance policies assist a secure and enticing funding setting.

It additionally urged the general public and media to depend on official sources for correct data.

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