The Emirates Interbank Offered Rate (known as EIBOR) is the benchmark interest rate for lending between banks within the UAE, stated in UAE Dirhams (the UAE’s national unit of currency).
The EIBOR is also the reference rate used by borrowers and lenders to conduct financial transactions in the UAE for loans such as mortgages, personal and car loans.
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Last updated on: Monday 02 January 2023
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