26 % of the UAE Central Gold balance increased within 5 months
Abu Dhabi on August 20/ WAM/ The balance of the United Arab Emirates Central Bank of Gold increased by more than 25.899% during the first five months of this year, reaching 28.933 billion dirhams at the end of last May, compared to about 22.981 billion dirhams at the end of December 2024.
The central balance of gold rose on a monthly basis by 0.49% during May, from its level at 28.791 billion dirhams at the end of April.
According to the statistical bulletin issued by the Central Bank today, the value of demand deposits grew to exceed 1.166 trillion dirhams at the end of last May, compared to about 1.109 trillion dirhams at the end of December 2024.
The deposits were distributed on demand, as at the end of May, at about 892.577 billion dirhams in the local currency, and about 274.329 billion dirhams in foreign currencies.
The value of savings deposits reached 359.57 billion dirhams at the end of May, compared to about 317.48 billion dirhams at the end of December 2024.
The savings deposits in local currency amounted to about 305.508 billion dirhams and foreign currencies about 54.062 billion dirhams.
With regard to deposits for the sake of the term, the trillion value exceeded the first time at the end of last May, distributed by 614.854 billion dirhams in the local currency and 398.348 billion dirhams in foreign currencies.
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