UAE C.bank int’l reserve hits AED 331bn in June

Abu Dhabi – Mubasher: Foreign-exchange reserves at the Central Bank of the UAE (CBUAE) recorded AED 331.07 billion in June, compared to AED 326.4 billion in the year-ago period.

Current account balances and deposits at overseas banks grew to AED 260.48 billion last month versus AED 257.23 billion a month earlier, according to a report released by the CBUAE.

The foreign assets exclude the central bank’s reserve tranche position and special drawing rights (SDR) holdings with the International Monetary Fund (IMF) pursuant to the central bank’s regulations.

Mubasher Contribution Time: 18-Jul-2018 14:13 (GMT)
Mubasher Last Update Time: 18-Jul-2018 14:18 (GMT)