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

The unequal burden of oil shocks: Labour markets and monetary policy

The war in Iran has sent oil prices sharply higher, reviving the question of who…

3 days ago

When private insurance buys faster access to public care

Supplemental private health insurance is becoming more common in universal healthcare systems as a way…

3 days ago

Pension funds, unlisted firms, and Europe’s Capital Markets Union

Europe's Capital Markets Union debate is again centred on how to turn savings into productive…

3 days ago

Increasing employment in pre-retirement years slows cognitive decline

Dementia affects an estimated 6 million Americans. This column uses data from the Health and…

3 days ago

The right balance: how to fix European Union artificial intelligence regulation

EU AI regulation should trade lower ex-ante burden for robust ex-post monitoring, judicial review and…

3 days ago

When oil is scarce and debt is binding: policy sequencing under a severe energy supply shock

With inflation still binding and fiscal space thin, the 2026 Iran shock revives the case…

3 days ago