The balance of the UAE central bank in foreign currencies increased by 1.6% to reach approximately 371.6 billion dirhams during the month of April 2020, compared to 365.5 billion dirhams in April 2019. / p>
According to Emirates News Agency, the statistics of the Emirates Central Bank showed that the value of bank balances and deposits with banks abroad amounted to about 331.75 billion dirhams at the end of last April compared to 297.41 billion AED at the end of April 2019.
The assets of the central bank in foreign currency do not include its reserve segment and the special drawing rights of the International Monetary Fund, according to the criteria approved by the bank.
The balance of the item on other foreign assets during the month of April reached 17.5 billion dirhams, while the balance of the central bank from the securities held until the maturity date reached approximately 22.3 billion dirhams in the period Itself.
It is noteworthy that the balance of central banks from foreign marks is an instrument that enables countries to face any fluctuations that may be exposed to markets and in particular fortify the balance of payments towards any deficit, and that According to the monetary standards in force worldwide.
