UAE –  Total foreign assets of the Central Bank of the UAE (CBUAE) rose by 11.1% year-on-year or AED 37 billion in at the end of July, a survey conducted by Mubasher showed.

The bank’s foreign assets valued at AED 369.3 billion ($100.5 billion) at the end of July, as compared to AED 332.31 billion ($90.5 billion) in the corresponding period of 2018, the survey highlighted.

Month-on-month, the value of foreign assets fell by 2.1% or AED 7.94 billion, versus AED 377.24 billion ($103 billion) at the end of June.

Moreover, reserve assets included foreign currency deposits worth AED 327.08 billion ($89 billion) last July, up 24% from AED 262.89 billion ($71.5 billion) during the same month a year ago.

On the other hand, held-to-maturity assets dropped by 50% to AED 27.45 billion ($7.5 billion) at the end of July, compared to AED 55.20 billion ($15 billion) in July 2018.


Translated by: Mai Ezz El-Din

Source: Mubasher Exclusive

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.