The Emirates Interbank Offered Rate (EIBOR), also abbreviated as EBOR, is a daily reference rate published by the UAE Central Bank based on the average interest rates at which UAE banks offer to lend unsecured funds to other banks in the United Arab Emirates dirham wholesale money market (or interbank market).
Calculation and Tenor
As of 2013, the following tenors are calculated:
- 1 Week
- 1 Month
- 3 Months
- 6 Months
- 12 Months
The latest Eibor rates and trends can be checked at the Central Bank of the UAE website on this link - https://www.centralbank.ae/en/forex-eibor/eibor-rates/
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