The foreign assets of the UAE Central Bank achieved a growth of 8.2% to reach 437.37 billion dirhams (119 billion dollars) at the end of last July, compared to 404.16 billion dirhams in the same month of 2021.
According to the Emirates News Agency, the statistics of the UAE Central showed that the reason for the annual rise in foreign assets is due to the increase in bank balances and deposits with banks abroad by 4.6% to reach 252.67 billion dirhams at the end of last July, compared to 241.46 billion dirhams in July 2021.
The Central Bank’s statistics indicated that foreign securities held to maturity within the Central Bank’s foreign assets rose on an annual basis by 9.35% to reach 133.35 billion dirhams at the end of last July, compared to 121.95 billion dirhams in July 2021.
Other foreign assets rose on an annual basis by 26% to reach 51.35 billion dirhams at the end of last July, compared to 40.75 billion dirhams in July 2021, an increase equivalent to 10.6 billion dirhams.
totals
In a related context, the statistics of the monetary aggregates of the UAE issued by the Central Bank showed that the issued cash rose to 114.9 billion dirhams at the end of last July, an increase of 4.8% compared to 109.6 billion dirhams in July 2021.
The issued cash was distributed at 16.4 billion dirhams for cash in banks and 98.5 billion dirhams for cash circulating outside banks, last July.
According to Central Bank statistics, cash deposits increased to 622.1 billion dirhams last July, a growth of 11.1 percent, compared to 560 billion dirhams in July 2021.
The monetary base rose 7.55% to 469.9 billion dirhams last July, compared to 436.9 billion dirhams in July 2021.
And distributed by 144.8 billion dirhams for certificates of deposit and cash bills, 144.5 billion dirhams for current accounts of banks and other financial institutions at the Central Bank, 114.9 billion dirhams issued cash and 65.7 billion dirhams of the reserve account.
