Money supply increases to Dhs473.3 billion: Central Bank

28/09/2016 04:43 AST

The UAE Central Bank has announced that the Money Supply aggregate M1, increased by 0.7 per cent, from Dhs469.8 billion at the end of July 2016 to Dhs473.3 billion at the end of August 2016.

The Money Supply aggregate M2, decreased by 0.6%, from Dhs1191.2 billion at the end of July 2016 to Dhs1183.9 billion at the end of August 2016.

The Money Supply aggregate M3, also decreased by 0.5%, from Dhs1364.3 billion at the end of July 2016 to Dhs1357.1 billion at the end of August 2016. The increase in M1 was mainly due to an increase of Dhs3.8 billion in Monetary Deposits. The reduction in M2 was mainly attributed to an Dhs10.8 billion decrease in Quasi-Monetary Deposits.


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