14 billion dirhams liquidity of the “central” pumping in the market during last April

Media In – Abu Dhabi 27 May 2018 / WAM /
The Central Bank of UAE (CBE) continued to inject liquidity into the market during the month of April with a value of 14 billion dirhams, the highest since the beginning of this year, according to figures released by the bank.
The central bank resorted to injecting liquidity into the market last April, with its certificates of deposits falling to AED 118.3 billion compared to AED 134.3 billion in March.
Banking sector experts said that the liquidity decline in the banking system during the past period led to the tightening of lending operations, whether companies or individuals .. noting that the availability of liquidity again will contribute to the activity of the two again in the coming period.
The deposit certificate is one of the tools used by the Central Bank to achieve its monetary policy objectives and liquidity management in the national economy, in addition to other tools that contribute mostly to control the movement of cash in the market.
Monitoring of the Central Bank’s CBI stock movement indicator shows that the value of the balance fell to AED 132.4 billion in January compared to AED 135.1 billion in December 2017.
The central bank continued to inject liquidity in February, which fell with certificates of deposit to 128.3 billion dirhams before returning in March to withdraw part of the liquidity and raise the balance to 134.3 billion dirhams.
In April, the central bank returned strongly to inject liquidity into the market with a value of 14 billion dirhams, which fell by a total of its certificates of deposit to 118.3 billion dirhams, according to the latest figures issued by him.