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RECORD SIX-YEAR HIGH

UAE foreign assets surge to $66bn in April

Dubai, June 20, 2013

The United Arab Emirates central bank's foreign currency assets rose to 241 billion dirhams ($65.6 billion) in April, their highest level since 2007, data showed on Thursday.

The assets included Dubai government bonds worth 36.72 billion dirhams.

The assets hike was reported even as an increase in deposits offset a drop in holdings of foreign securities, the data added.-Reuters




Tags: UAE | Dubai | foreign assets |

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