The total foreign currency assets held by the Central Bank of the UAE stood at AED329.3 bn against AED326 bn in early 2018, as current account balances and deposits with foreign banks strengthened to AED255.06 bn against AED254.9, bn according to figures released by CBUAE today.
The foreign assets exclude CBUAE Reserve Tranche Position and Special Drawing Rights holdings with the International Monetary Fund.
Monetary aggregates, which include currency in circulation outside banks plus monetary deposits and quasi-deposits and government deposits, referred to as M3, continued to increase and hit around AED1.58 trillion by end of September against AED1.481 trillion in January.
Government deposits amounted o AED288.7 bn in August, while monetary deposits hit AED415 bn and quasi-monetary deposits stood at AED807 billion.
In the meantime, the monetary base valued AED347.7 bn the end of September 2018, including reserve requirements at AED120.9 bn, certificates of deposit at AED121.4 bn, currency issued at AED83.2 bn and banks current accounts at CBUAE at AED22.2 bn
