Central Bank money supply increases to Dh1.348tr

ABU DHABI: The Central Bank has announced that the money supply aggregate — currency in circulation plus monetary deposits, quasi-monetary deposits and government deposits at banks operating in the UAE as well as at the Central Bank — operating in the UAE increased by 0.3 per cent, from Dh1,344.2 billion at the end of September to Dh1,348.3 billion at the end of October due to an increase in government deposits (16.5 per cent of total) by 7.0 per cent

Currency in circulation (81.4 per cent of total) and cash at banks (18.6 per cent of total), decreased by 1.1 per cent, from Dh70.8 billion at the end of September 2014 to Dh70.0 billion at the end of October of the same year.

Currency in circulation plus monetary deposits — current accounts and call accounts at banks — increased by 0.9 per cent, from Dh431.1 billion at the end of September 2014 to Dh435.0 billion at the end of October of the same year, as a result of an increase in monetary deposits (86.9 per cent of total) by 1.1 per cent which was offset by a decrease in currency in circulation (13.1 per cent of total) by 0.5 per cent.