In a move that reflects the extent of excess liquidity held by the banking system in the UAE, the Emirates Central Bank withdrew 12.3 billion dirhams of liquidity from the market during the month of December 2018
and in the same context The reading on the movement of the chart of certificates of deposit with the Central Bank showed that the balance of its value increased to 138.16 billion dirhams at the end of December 2018, compared to 125.83 billion dirhams in November of the same year.
The figures issued by the Central Bank show the variation of its liquidity management movement, as it was observed during the first quarter of the year In the past, there was a large amount of cash in banks, which led the Central Bank to withdraw its surplus before returning during the second quarter of the year to the process of pumping it into the market.
while the central bank started the beginning of the third quarter of last year, to withdraw part of the liquidity, what He reduced the balance of the certificates of deposit to approximately 121 billion dirhams, but he returned to the process of withdrawing the surplus from them after that, specifically during August.
which raised the balance of certificates to 132.71 billion dirhams, while the month of September recorded an infusion of more than 11 billion AED
During the last quarter of last year, the process of withdrawing excess liquidity from the market overcame the movement of the central bank, which is what Increase the balance of the certificates of deposit to the level of 138.16 billion dirhams.
and states that, Certificates of Deposits, is one of the tools used by the central bank to achieve the objectives of monetary policy and liquidity management in the market.
