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Dubai News Club > Finance > “Long contracts” prevent a decline in commodity prices in the local market
Finance

“Long contracts” prevent a decline in commodity prices in the local market

Press Room
Last updated: 2023/01/30
Press Room
Published: January 30, 2023
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Officials of “cooperatives” and sales outlets confirmed that the policies for supplying commodities depend on long-term contracts, which prevents the decline in exchange rates of some currencies from reflecting on the cost of commodities in the markets.

They explained to «Emirates Today» that…

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