The monetary base in the UAE was raised in April to 386 billion dirhams

21-05-2019 Media in\ Abu Dhabi
The value of the monetary base in the UAE rose to AED 386 billion at the end of last April, an increase of AED 13 billion and an increase of 3.5% compared to AED 373 billion in March of the same year.
The rise in the value of the monetary base was supported by the improvement in the majority of the components that constitute this important monetary index, according to figures released today by the Central Bank of the UAE.
The index of the monetary base according to the global monetary standards reflects the total money traded in the economy of a given country plus the bank deposits with the Central Bank.
The net balance of current accounts of banks at the Central Bank of UAE reached AED 23.5 billion during the month of April this year, while the balance of banks’ reserve balance reached AED 124.1 billion.
At the level of the item of cash issued, it reached 89.3 billion dirhams, while the balance of certificates of deposit reached 149 billion dirhams.