Media ININ Economy We Trust
Media In – Abu Dhabi 17 October 2018 / WAM /
The UAE Central Bank’s balance of foreign currency stood at AED 329.3 billion in September of this year compared to AED 326 billion at the beginning of the same year. Statistics from the Central Bank of UAE showed that bank balances and deposits with banks abroad rose from 254.9 billion dirhams in January 2018 to 255.06 billion dirhams at the end of September. According to Central Bank standards, the central bank’s foreign currency assets do not include the Bank’s reserve and special drawing rights (SDRs) with the International Monetary Fund. On the other hand, liquidity continued in its overall concept (3) / rise, amounting to 1.58 trillion dirhams compared to the end of September compared to 1.481 trillion dirhams at the beginning of this year. Government deposits jumped to 288.7 billion dirhams in September, while bank deposits reached 415 billion dirhams and cash deposits stood at 807 billion dirhams. Statistics show a rise in cash to 83.2 billion at the end of September. Cash in circulation at the public / outside banks reached AED 68.9 billion during the same period. Concerning the developments in the monetary base, it reached AED 347.7 billion at the end of September of this year, including AED 120.9 billion for mandatory bank reserve, AED 121.4 billion for certificates of deposit, AED 83.2 billion for issued cash and AED 22.2 billion for current bank accounts. Central Bank of the UAE
