Wednesday 30 September 2020

Image courtesy: WAM

UAE cbank foreign currency assets top $102bn in April

ABU DHABI, May 20, 2020

The total foreign currency assets held by the Central Bank of the UAE (CBUAE) increased to circa AED371.6 billion ($101.2 billion) during in April, a growth of 1.6 percent from AED365.5 billion during the same month last year.

Current account balances and deposits with foreign banks strengthened to AED331.75 billion from AED297.41 billion during the monitored period, reported state-run news agency Wam, citing CBUAE figures.

The foreign assets exclude the apex bank's Reserve Tranche Position and Special Drawing Rights holdings with the International Monetary Fund.

In the meantime CBUAE's held-to-maturity securities stood at around AED22.3 billion in April, with other foreign standing atAED17.5 billion during the monitored period.


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