The UAE Central Bank’s gold balance exceeds 22 billion dirhams

Abu Dhabi, December 6 / WAM / The Central Bank of the United Arab Emirates’ gold balance exceeded the barrier of 22 billion dirhams at the end of August. It rose by about 3.5% on a monthly basis to reach 22.021 billion dirhams, compared to 21.28 billion dirhams at the end of July, while its gold balance has grown since the beginning of the year by more than 21.3%, compared to its level of 18.147 billion dirhams at the end of last year.
According to the statistical bulletin issued by the Central Bank today, the value of demand deposits amounted to 1.05 trillion dirhams at the end of last August, of which 767.089 billion were in local currency, while the value of savings deposits amounted to 303.714 billion dirhams, of which about 254 billion dirhams were in local currency, and the value of term deposits reached 886.661. One billion dirhams, including 524.73 in local currency.
The statistical bulletin showed that letters of guarantee increased on a monthly basis to 95.478 billion dirhams at the end of August, compared to 95.2 billion dirhams at the end of the previous July.
As for the net international reserves of the UAE banking sector, they rose on a monthly basis by 2.54% to 1.305 trillion dirhams, compared to 1.273 trillion dirhams at the end of the previous July, while the percentage of increase since the beginning of this year reached about 14%, compared to 1.145 trillion dirhams. End of December last year.
Banking operations statistics issued today also showed that the value of transfers carried out in the country’s banking sector, through the UAE Financial Transfer System (UAEFTS), exceeded 12.746 trillion dirhams during the first eight months of this year.
Transfers were distributed across the system at a rate of 8.038 trillion dirhams carried out by banks, and 4.708 trillion dirhams carried out by customers.
During August alone, the value of bank transfers amounted to more than one trillion dirhams, while customer transfers amounted to about 604 billion dirhams.
Banking operations statistics showed that the value of checks traded using their images exceeded 873.696 billion dirhams, distributed over 14.9 million checks over eight months.
The value of cash withdrawals from the Central Bank from the beginning of the year until the end of August amounted to about 136 billion dirhams, while its cash deposits amounted to about 126.25 billion dirhams.

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