CBUAE Reports $3.57 Billion Rise in April Monetary Deposits

UAE, 15 July, 2024 : The Central Bank of the UAE (CBUAE) announced a 1.74% increase in monetary deposits for April, rising by AED13.1 billion to reach AED764 billion from AED750.9 billion in March.

According to CBUAE's April statistics, government deposits increased to AED508.8 billion, and quasi-monetary deposits were AED1.256 trillion. Currency issued during April totaled AED146.8 billion, with AED18.4 billion held by banks and AED128.4 billion circulated outside banks.

The monetary base expanded by 1.5% to AED714.3 billion, comprising AED146.8 billion in currency issued, AED183.1 billion in reserve accounts, AED124.5 billion in banks and OFCs' current accounts, and AED259.9 billion in certificates of deposit and monetary bills.

Source : www.zawya.com