By the end of August, the value of the reserves reached $8.26bln, compared with $6.26bln at the end of December 2024.
The Central Bank of the United Arab Emirates (CBUAE) has seen its gold reserves rise by around 32 percent during the first eight months of 2025, surpassing AED30 billion for the first time.
By the end of August, the value of the reserves reached AED30.329 billion, compared with AED22.981 billion at the end of December 2024.
On a monthly basis, the central bank’s gold holdings grew by more than 4.5 percent in August, up from AED28.997 billion at the end of July.
According to the CBUAE’s statistical bulletin issued today, the value of demand deposits rose to over AED1.188 trillion by the end of August, compared with AED1.109 trillion at the end of December 2024.
As of the end of August, demand deposits included AED892.273 billion in local currency and AED296.137 billion in foreign currencies.
Savings deposits totalled AED376.479 billion, up from AED317.48 billion at the end of December 2024, comprising AED321.761 billion in local currency and AED54.718 billion in foreign currencies.
Time deposits also exceeded AED1.05 trillion by the end of August, with AED664.669 billion held in local currency and AED386.19 billion in foreign currencies.
Frontier innovation may start at home, but new technologies tend to spread across borders through…
Do banks fail because of runs or because they become insolvent? Answering this question is…
The US college wage premium nearly doubled between 1980 and 2010, rising fastest in dense…
Europe’s rising external surplus now rivals China’s, reflecting weak investment and growing surpluses, pointing to…
The 2025 Sevilla Commitment renews the push for domestic revenue mobilisation, with the EU needing…
This essay analyses the causes of, and remedies for, external imbalances, and what countries should…