UAE gold reserve surges 25.9% in first five months of 2025 to $7.88bn
The Central Bank of the United Arab Emirates (CBUAE) said the value of gold held by the country increased to AED 28.933 billion (US$7.88 billion) at the end of May, up from AED 22.981 billion (US$6.26 billion) at the end of December 2024.
According to the Central Bank's statistical bulletin issued on Thursday, the CBUAE's gold holdings rose by 0.49 per cent month-on-month in May.
Demand deposits also grew, exceeding AED 1.166 trillion (US$320 billion) by the end of May, compared to AED 1.109 trillion (US$300 billion) at the end of December 2024. Of this total deposit, AED 892.577 billion (US$243.04 billion) were in local currency and AED 274.329 billion (US$74.7 billion) in foreign currencies.
Savings deposits rose to AED 359.57 billion (US$97.91 billion) at the end of May, up from AED 317.48 billion (US$86.45 billion) at the end of last year. This included AED 305.508 billion (US$83.19 billion) in local currency and AED 54.062 billion (US$14.72 billion) in foreign currencies.
Time deposits exceeded AED 1 trillion to AED 1.013 trillion (US$275.9 billion) for the first time by the end of May, including AED 614.854 billion (US$167.42 billion) in local currency and the rest in foreign currencies.
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