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Image used for illustrative purpose. A customer exchanges money at a currency exchange center in Dubai. Ahmed Jadallah, Reuters
ABU DHABI - The United Arab Emirates announced the launch of Domestic Dirhams Treasury Bonds (T-Bonds) with a size of AED 1.5 billion($408.43 million) on Wednesday, the finance ministry said on Twitter.
The T-bonds will be issued with varying tenors of 2-, 3-, and 5-year tenors in the initial phase and a 10-year tenor in the medium term.
($1 = 3.6726 UAE dirham)
(Reporting by Lina Najem; Editing by Andrew Cawthorne)
