The UAE Central Bank's foreign reserves increased by 0.4% on a monthly basis, to more than 355 billion dirhams in August of this year.
According to CNBC Arabia, the UAE Central Bank report showed that this increase is due to the growth of the bank’s foreign securities assets by 38% to reach about 13 billion dirhams in addition The other foreign assets increased by 22% to about 32 billion dirhams in the same period.
It is worth noting that the foreign reserves of the UAE Central Bank have witnessed consecutive monthly declines since the beginning of the Corona repercussions crisis in March, to rise again with the beginning of the third quarter of this year. / p>
