AED 805 billion worth of checks traded during 8 months

Abu Dhabi 15-09-2019
A total of 17 million checks were handled through the UAE check clearing system during the eight months of 2019 and amounted to approximately AED 805 billion, the UAE Central Bank announced today.
According to statistics of the Central Bank, the number of checks cleared during the month of August of this year reached 1.77 million checks worth 82.6 billion dirhams compared to 2.2 million checks in July and the value of 110.2 billion dirhams, which is the most active since the beginning of the year in terms of the volume and value of checks traded .
On the other hand, the value of cash deposits between banks amounted to 145.4 billion dirhams during the period from January to the end of August 2019.
The value of cash deposits during the month of August of this year at the level of 20.06 billion dirhams, the same figure recorded in July of the same year.
With regard to withdrawals, they reached AED 150.87 billion during the first eight months of this year and reached AED 19.6 billion in August.