The UAE Central Bank's total foreign assets exceeded 537 billion dirhams ($146.1 billion) at the end of March for the first time in its history, according to the latest statistics from the UAE Central Bank. Foreign assets increased month-on-month by 6.4 percent from AED 505.11 billion ($137.4 billion) in February to AED 537.39 billion ($146.2 billion) at the end of March 2023, an increase of AED 32.2 billion ($8.7 billion). While it increased year-on-year by 16.8 percent compared to AED 459.92 billion ($ 125.1 billion) during March 2022, an increase equivalent to approximately AED 77.5 billion ($ 21 billion) in 12 months.
Source (Asharq Al-Awsat Newspaper, Edited)
