Cash deposits (in securities and coins) with the Emirates Central Bank increased by about 9 percent year on year to reach 74.05 billion dirhams in the first four months of this year, compared to about 67.82 billion in the same period last year.
The value of cash deposits with the Central Bank reached about 16.86 billion dirhams in April, down by about 3.4 percent from April 2019 and 30.6 percent from March 2019.
The value of cash withdrawals from the Central Bank in the first four months of this year rose by about 23.6 percent reaching to 88.06 billion dirhams, compared to 71.24 billion during the same period last year.
The data released by the Central Bank of the Emirates showed that the value of cash withdrawals in April reached 19.39 billion dirhams, representing a decline of 42 percent from last March, and an increase of 5 percent compared to April 2019.
Source (Al-Khaleej Newspaper- UAE, Edited)
