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Abu Dhabi bank denies dirty tricks against Qatari currency

First Abu Dhabi Bank (FAB), the UAE’s largest bank, has denied any attempt to manipulate the value of the Qatari riyal, following reports that Central Bank of Qatar (CBQ) had written to the United States Treasury and the US Commodity Futures Trading Commission asking them to investigate possible manipulation by NBAD Americas, FAB’s US subsidiary. The dispute adds another facet to the nine-month stand-off between Doha and the GCC-3 of Bahrain, Saudi Arabia and UAE.

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