The data show that private demand deposits (on the basis of which it is possible to withdraw without prior notice) recorded an increase of 13 billion dirhams, to 428 billion dirhams, while it increased Special time deposits (which cannot be withdrawn without prior notice) amounted to 700 million dirhams to 820 billion dirhams, and government deposits increased by 500 million dirhams to 298 billion dirhams during the same month.
The issued cash increased by 1.7 billion dirhams in February to reach 87.5 billion dirhams, and cash circulating with the public (outside the banks) increased by 2.2 billion dirhams to reach 73.3 billion dirhams During the same month.
In addition, foreign assets of the Emirates Central Bank increased by 11 billion dirhams, to 3.1%, to reach 359 billion dirhams at the end of February, compared to 348 billion dirhams at the end of January 2019, What is considered an indication of the increase in the state’s total account surplus, the balance of payments in its dealings with foreign markets, during the same month. Foreign assets constitute more than 97% of the total reserves of the Central Bank of foreign currencies, where the total reserves also include the bank's reserve segment and the special drawing rights of the International Monetary Fund.
The foreign assets of the bank at the end of February 2019 are equivalent to about 95% of the state's cash base, which amounts to 378 billion dirhams, which is much higher than the mandatory minimum for the central bank required to maintain It is in accordance with the law, which is defined for all reserves as no less than 70% of the cash base in its history.
The value of foreign assets exceeds the mandatory limit for reserves by more than 94 billion dirhams at the end of February 2019, equivalent to an increase of about 35% above the mandatory limit, which is an important indication of durability Monetary policy, the strength of the national currency, and high confidence in the country's banking sector.
The data shows that the bank maintains about 81% of its total foreign assets in the form of deposits and current accounts with banks abroad, which is one of the highest percentages in the history of the bank, as the share of invested assets decreased In foreign securities to 55.2 billion dirhams, with a share equivalent to only 15.4% of total assets, and the bank maintains about 14 billion dirhams in the form of other foreign assets.
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