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Dh336.32b Central bank balance of foreign currency

Recorded hike in foreign assets has resulted from the growing bank balances

Gulf News

Abu Dhabi

The total foreign currency assets held by the Central Bank of the UAE during the first quarter amounted to Dh336.32 billion, an increase of Dh11.34 billion, with a growth rate of 10.3 per cent compared to Dh324.98 billion of the same period of 2017.

According to statistics issued by the UAE Central Bank, the recorded hike in foreign assets has resulted from the growing bank balances and deposits with banks abroad from Dh178.83 billion in the first quarter of 2017 to Dh271.2 billion at the end of the first quarter of this year.

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