Central Bank announces monetary and banking developments during December 2017

Media In – Abu Dhabi January 31, 2018 and Am
The Central Bank disclosed that the “N1” money supply rose 0.4% from AED 490.3 billion at the end of November 2017 to AED 492.4 billion at the end of December 2017.
The bank issued a statement on monetary and banking developments during December 2017 stating that the M2 offer rose by 2.2% from AED 1,248.8 billion at the end of November 2017 to AED 1276.2 billion at the end of December 2017.
N3 money supply declined by 0.5% from AED 1494.3 billion at the end of November 2017 to AED 1,487.1 billion at the end of December 2017.
The “N1” cash offer includes cash in circulation outside banks, in addition to cash deposits / current accounts and call accounts with banks, including “N2” and “N1” in addition to quasi-cash deposits / term deposits and savings deposits for residents of dirhams and resident deposits in foreign currencies. “Includes” N2 “in addition to government deposits with banks operating in the UAE as well as with the Central Bank