The Rise in Foreign Deposits at the UAE Central Bank

  • Doha, State of Qatar
  • 18 October 2018
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The foreign assets at the end of September fell 4.9 percent to 327.3 billion dirhams ($ 89.1 billion) from 329.53 billion in August, as per the data released by the UAE Central Bank.
On the other hand, the value of foreign deposits with the Central Bank increased by 5.6 percent, and other foreign assets increased by 105.5 percent compared with September 2017, whereas the foreign assets held to maturity, according to the bank's rating, fell 41.5 percent.
The data showed that the bank balances and deposits abroad rose from 254.9 billion dirhams in January to 255.06 billion in September. While liquidity continued to grow at a total value of AED 1.58 trillion at the end of September compared to 1.481 trillion at the beginning of the year. Government deposits jumped to AED 288.7 billion, while bank deposits reached AED 415 billion and semi-cash deposits reached 807 billion dirhams.

Source (Al-Hayat newspaper, Edited)

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