Media ININ Economy We Trust
Abu Dhabi on December 13 /
The value of transfers carried out in the banking sector in the country through the UAE Financial Transfer System (UAEFTS) increased to more than 9.2 trillion dirhams during the first nine months of this year, according to the latest statistics of the UAE Central Bank.
Statistics of banking operations, issued by the Central Bank today, showed that the value of transfers executed through the Emirates Remittances System increased on an annual basis by 31.3% during the first nine months of this year, compared to transfers amounting to about 7.02 trillion dirhams executed during the first nine months of the year 2021. .
According to the statistics, transfers carried out during the first nine months of 2022 were distributed, with 5.64 trillion dirhams, transfers between banks, and 3.577 trillion dirhams, transfers between bank customers.
June accounted for the largest share of the total transfers executed during the first nine months, at 1.162 trillion dirhams, then March at 1.154 trillion dirhams, while September transfers reached 1.109 trillion dirhams, August to 1.06 trillion dirhams, July to 1.033 trillion dirhams, and 1.082. One trillion dirhams in April, 884.5 billion dirhams in May, 861.8 billion dirhams in February, and 864.7 billion dirhams in January 2022.
The Emirates Money Transfer System /UAEFTS/ is the main transfer system that has been developed in the UAE Central Bank since August 2001, as this system facilitates the transfer of funds between the entities participating in the system in real time.
In another context, Central Bank statistics showed that the value of clearing circulating checks using their copies amounted to 913.78 billion dirhams, distributed over 16.26 million checks, during the first nine months of this year.
June had the largest share of the value of clearing checks traded in the first nine months of this year at 116.6 billion dirhams, then March at 108.03 billion dirhams, about 105.97 billion in September, 103.6 billion dirhams in August and 97.04 billion dirhams in July. And 92.02 billion dirhams in January, 90.69 billion dirhams in February, 98.79 billion dirhams in April and 100.96 billion dirhams last May.
On the other hand, the statistics showed that the value of cash deposits in the Central Bank during the first nine months of this year amounted to 148.279 billion dirhams, and included 148.26 billion dirhams in paper currencies and 14.21 million dirhams in coins.
While the value of cash withdrawals from the Central Bank amounted to about 151.55 billion dirhams during the first nine months of this year, and included 151.52 billion dirhams in paper currencies and 37.26 million dirhams in coins.
