CBUAE gold reserves rise 7% to AED24.57 billion in January
Demand deposits continue to rise
According to the CBUAE's Monthly Statistical Bulletin for January, demand deposits grew to over AED1.116 trillion by the end of January, compared to AED1.109 trillion in December 2024.
Breakdown of demand deposits
:
Local currency: AED834.9 billion
Foreign currencies: AED281.5 billion
Growth in savings deposits
Savings deposits increased to AED322.281 billion by the end of January, up from AED317.48 billion in December.
Breakdown of savings deposits
:
Local currency: AED270.79 billion
Foreign currencies: AED51.48 billion
Fixed-term deposits remain strong
Fixed-term deposits reached AED926.22 billion in January, with:
AED552.47 billion in local currency
AED373.74 billion in foreign currencies
Rise in net international reserves
The UAE banking sector's net international reserves also increased, reaching AED1.466 trillion at the end of January, compared to AED1.446 trillion in December 2024.
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