The ratio of liquid assets to short-term liabilities in the UAE's banks now stands at 92% compared to 76% in January 2009, which shows that the government's efforts to boost liquidity have paid off, a senior Central Bank official said. This positive development is confirmed by current market rates; the three-month Emirates Interbank Offered Rates, or Eibor, has come down to around 2.3%. At the same time, the Interbank market has become more liquid, which also translates into lower rates, said Saeed Abdulla Al Hamiz, Senior Executive Director of the UAE Central Bank.