The balance of the United Arab Emirates Central Bank of gold increased by about 7%, or 1.59 billion dirhams during last January, to the end of that month to 24.571 billion dirhams, compared to 22.981 billion dirhams at the end of last year.
According to the statistical bulletin issued by the Central Bank, today, the value of demand deposits grew to exceed 1.116 trillion dirhams at the end of last January, compared to about 1.109 trillion dirhams at the end of December 2024.
The deposits were distributed on demand, as at the end of January, at about 834.9 billion dirhams in the local currency, and about 281.5 billion dirhams in foreign currencies.
The value of savings deposits amounted to 322.281 billion dirhams at the end of January, compared to about 317.48 billion dirhams at the end of December.
The savings deposits in local currency amounted to 270.79 billion dirhams and foreign currencies about 51.48 billion dirhams.
With regard to deposits for a sake, its value was 926.22 billion dirhams at the end of last January, distributed by 552.47 billion dirhams in the local currency and 373.74 billion dirhams in foreign currencies.
The statistical bulletin showed the rise in net international reserves for the Emirati banking sector, on a monthly basis to 1.466 trillion dirhams at the end of January, compared to 1.446 trillion dirhams at the end of December 2024.
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