Finance

Central Bank of UAE gold reserves exceed $8.17bln for first time

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.

© ZAWYA

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

Europe’s ungoverned space: Military AI and the autonomy that cannot be bought

European defence ministries and intelligence services run on infrastructure they do not control and cannot…

16 hours ago

Independent central banks take more risk, not less

The fiscal dominance view holds that politically captured central banks are more likely to be…

16 hours ago

Writing code versus shipping code: Productivity effects across generations of AI coding tools

Generative AI now writes a substantial share of the world's code, but aggregate software output…

17 hours ago

Electing women does not reduce corruption: Evidence from Brazil

As women gain political ground around the world, there is hope that the election of…

17 hours ago

From bilateralism to a system: Europe’s early trade treaties and lessons for EU trade policy in a contested world

As tensions rise between major powers and the global trading system becomes more contested, policymakers…

17 hours ago

Private capital markets and inequality

Private capital markets have expanded rapidly, but access remains concentrated among wealthy investors. This column…

17 hours ago