CBUAE's gold reserves up 7% to Dh24.571 billion by end of January
11 Apr 2025 17:58
ABU DHABI (ALETIHAD)The gold reserves of the Central Bank of the United Arab Emirates (CBUAE) surged by 7%, or Dh1.59 billion, in January, reaching Dh24.571 billion by the end of the month, up from Dh22.981 billion at the end of December 2024.According to the CBUAE's Monthly Statistical Bulletin for January issued on Friday, demand deposits grew to over Dh1.116 trillion at the end of January, compared to around Dh1.109 trillion at the end of December 2024.At the end of January, demand deposits were distributed as follows: Dh834.9 billion in local currency and approximately Dh281.5 billion in foreign currencies.Savings deposits reached Dh322.281 billion at the end of January, compared to around Dh317.48 billion at the end of December 2024.
Savings deposits in local currency amounted to approximately Dh270.79 billion, and in foreign currencies, around Dh51.48 billion.
Fixed-term deposits reached Dh926.22 billion at the end of January, with Dh552.47 billion dominated in local currency and Dh373.74 billion in foreign currencies.
The bulletin showed a monthly increase in the net international reserves of the UAE banking sector, reaching Dh1.466 trillion at the end of January, compared to Dh1.446 trillion at the end of December 2024.
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