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Sovereign Wealth Funds Briefing - Categorized | Market

Abu Dhabi sovereign fund to build currency printing unit

Posted on 30 May 2013

The Abu Dhabi Investment Authority, one of the world’s largest sovereign wealth funds, will build the first currency printing unit in the emirate, the country’s central bank said on Wednesday.
The central bank first announced plans to set up a currency mint in Abu Dhabi in December 2009, but the project never took off. The currency printing unit, which will be built by ADIA, will cater to demand from other markets, the statement said. No details were given about the cost or when the currency mint would be ready………………………………………..Full Article: Source


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