UAE July central bank foreign assets jump to record $89b

Abu Dhabi: The United Arab Emirates central bank’s foreign currency assets jumped 29.7 per cent year-on-year to a record Dh327.6 billion ($89.2 billion) in July from a year ago as deposits and holdings of foreign securities rose, data showed on Thursday.

2014 figures are provisional and subject to revision. Assets include Dubai government bonds worth Dh36.72 billion. The central bank had not published data for June 2014 until now.