Money supply in UAE continues to increase in May — Central Bank

21/06/2017 02:40 AST

The UAE Central Bank announced yesterday that money supplies in different measures, including money in circulation and bank and government deposits, have increased by 0.6 per cent during last month of May compared to the money supplies in the previous month of April.

The biggest increase came from an increase of 0.9 per cent recorded in Gross bank assets, including bankers’ acceptances, which rose from 2662 billion dirhams at the end of April to 2686 billion at the end of May 2017.

During May 2017, total bank deposits also increased by Dh10.6 billion mainly due to Dh12.7 billion increase in Resident Deposits, overriding the Dh2.1 billion fall in Non-Resident Deposits.


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