Abu Dhabi – Mubasher: Foreign assets at the UAE Central Bank increased last February by 1 percent, to reach 505.11 billion dirhams, compared to 500.51 billion dirhams in January 2023.
Foreign assets also increased by 2.27 percent since the beginning of the year, equivalent to 12 billion dirhams, and by 6.25 percent on an annual basis, compared to 475.39 billion dirhams in February 2022, according to UAE Central Bank data.
The balance of foreign securities held to maturity increased by 6.25 percent last February, to reach 146.90 billion dirhams, compared to 138.26 billion dirhams in February 2022.
Bank balances and deposits with banks abroad increased by 4.15 percent, to reach 309.90 billion dirhams in February 2023, compared to 297.55 billion dirhams in February 2022.
The total foreign assets of the UAE Central Bank touched 494 billion dirhams at the end of last year, reaching the highest level in its history..
Statistics issued by the UAE Central Bank indicated that foreign assets increased on a monthly basis by 8.81%, from 453.89 billion dirhams last November to 493.88 billion dirhams at the end of December 2022, an increase equivalent to 40 billion dirhams..
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