The total banking assets in the UAE, including bank acceptances, increased to approximately 3.156 trillion dirhams during the month of April 2020, an increase of 0.9% compared to 3.128 trillion dirhams in March of the same year.
According to the Emirates News Agency, total bank credit increased by 0.4% from 1.768 trillion dirhams at the end of March 2020 to 1.776 billion dirhams at the end of April of the same year.
During April 2020, total bank deposits increased by 20.3 billion dirhams, as a result of an increase of 26.7 billion in resident deposits, despite a decrease of 6.4 billion in non-resident deposits.
On the other hand, the UAE Central Bank announced that the money supply / N1 / rose by 3.2% from 542.7 billion dirhams at the end of March of the year 2020 to 560.3 billion dirhams in April of the same year .. Including the cash offer / N1 / cash in circulation outside banks + cash deposits / current accounts and demand accounts with banks /.
The money supply / N2 / increased by 0.7% from 1.455 trillion dirhams at the end of March to 1.465 trillion dirhams at the end of April .. and includes / n2 / Both N1 + semi-cash deposits / term deposits and savings deposits for residents in dirhams, and residents ’deposits in foreign currencies /.
The money supply / n / 3 increased by 2.2% from 1.714 trillion dirhams at the end of March 2020 to approximately 1.752 trillion dirhams in the month of April. p>
The central bank attributed the increase in the money supply / n1 / to an increase of 4.7 billion dirhams in cash circulating outside the banks and an increase in cash deposits by 12.9 billion dirhams, and an increase in the money supply / N2 / as a result of an increase in the money supply / N1 / despite a decrease of 7.7 billion dirhams in semi-cash deposits, while the increase in money supply / N3 / is due to an increase in money supply / N1 / and N2 / and an increase in government deposits of 27.5 billion During April.
