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Sharjah 24

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.