ABU DHABI, 22th June, 2017 (WAM) -- A total of AED2.9 trillion is the value of transactions conducted through the UAE Funds Transfer System, FTS, during the first five months of 2017 against AED3 trillion during the same period last year, as per the UAE Central Bank data.
The month of January saw transactions worth AED620 billion, which edged down to AED587 billion in February, AED580 billion in March, and to AED 541 billion in April before rising back in May to AED583.4 billion. Money withdrawals from the UAE CB reached a total of AED106.55 billion during the first five months of this year, AED106.49 of which are banknotes and AED64 million in coins. According to the data, the month of May recorded the highest level of money withdrawals since the beginning of the year with a record of AED25.56 billion, followed by March at AED22 billion, April at AED20.6 billion, March at AED20.07 billion with February down the list at AED18.1 billion. Monetary deposits with the CB hit a total of AED102.123 billion during the first five months of the year, AED102.067 billion of which are banknotes and AED46.39 million in coins. The month of May saw the highest value of monetary deposits, ratcheting up to AED21.9 billion, which went down in April to AED21.8 billion, to AED20.9 billion in January, and to AED19.5 billion in March, with February recording AED17.8 billion.Copyright Emirates News Agency (WAM) 2017.
