79.9% of the value of foreign assets with banks in the UAE in dollars

Media In Abu Dhabi – 9 December 2018 / WAM /
The dollar accounted for 79.9% of the total foreign assets of banks operating in the UAE during the third quarter of 2018, while the euro was 9.3%, 1.4% for Saudi riyals and 1.2% for the Japanese yen.
According to data released by the Central Bank of the UAE, the foreign assets of banks operating in the UAE and denominated in dollars, euros, Saudi riyals and the Japanese yen accounted for 91.8% of the total foreign assets at the banking system at the end of September, which amounted to the equivalent of 693 billion dirhams according to the same data With the end of the same month.
Foreign assets at national banks increased by 10.1% year-on-year in the period from September 2017 to September 2018.
The bank’s foreign currency assets at national banks stood at about AED 575 billion while foreign banks reached AED 118 billion.
On the foreign assets side of the euro-denominated banking system, they amounted to 64.4 billion dirhams, about 9.7 billion dirhams and 8.3 billion dirhams in the Japanese yen. The rest of the foreign assets were distributed on the pound sterling, the Kuwaiti dinar, the Chinese yuan and other currencies.