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Money supply in the UAE increased in February: Central Bank

Cross credit also recorded an increase of 0.5 per cent and reached Dh 1585.6 billion at the end of February

Gulf News

Dubai: The UAE Central Bank announced yesterday that Money supplies in different measures, including money in circulation and bank and government deposits, have recorded an increase in the period between late January and late February.

The recorded increases in different measures, which ranged between 1.9 and 0.5 per cent, came as a result an rise in Gross Bank assets and government deposits.

The increase in Monetary deposits, Quasi-Monetary deposits, residents deposits and government deposits coincided also with an increase in Gross bank assets, where cross credit also recorded an increase of 0.5 per cent and reached Dh1585.6 billion at the end of February.

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