The total assets of the UAE Central Bank increased by 0.8% on a monthly basis in last September amounting to 485.9 billion dirhams, compared to 482.26 billion dirhams recorded in August 2021. The growth in the total assets of the Central Bank reached 3.3% during the first nine months of this year compared to 470.03 billion dirhams at the end of last year.
The value of the Central Bank's foreign assets rose by about 1.2 percent on a monthly basis, to reach 417.15 billion dirhams at the end of last September, compared to 412.06 billion dirhams in August. The growth in the central bank’s foreign assets reached 7.5% during the first nine months of this year, compared to 388.05 billion dirhams in December 2020.
The data released from the Central Bank of UAE showed that the bank’s holdings of foreign debt securities grew by about 2.1 percent on a monthly basis, and more than 31 times since the beginning of the year, to reach 124.95 billion dirhams by the end of September, compared to 122.38 billion dirhams in August, no more than the 4.01 billion dirhams registered at the end of last year. On the other hand, the balance of current accounts of the Central Bank and its deposits with banks abroad decreased by 0.7 percent on a monthly basis to 246.79 billion dirhams, compared to 248.5 billion dirhams in August.
Source (Al Khaleej Newspaper-UAE, Edited)
