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The total cash offer by the UAE banks reached AED 1.636 trillion during April

21-05-2019 Media in\ Abu Dhabi
The money supply of the UAE’s banking sector rose 0.2% to AED 1.636 trillion at the end of April 2019 compared to AED 1.632 billion at the end of March.
The increase in money supply was in its comprehensive sense, according to the Central Bank of UAE Monetary Review report today.

The monetary aggregate growth came though M1 decreased by 0.3 percent to AED507.3 bn in April from AED512 bn in March, with currency circulated outside banks up to AED74.7 bn.

In the meantime, M2 also increased by 0.5 percent from AED1.329 bn in March, to AED1.335bn in April, 2019.

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