Abu Dhabi, United Arab Emirates – The UAE Central Bank’s gold balance rose by more than 25.899% during the first five months of this year.
This reached 28.933 billion dirhams at the end of last May. In comparison, it was about 22.981 billion dirhams at the end of December 2024.
The Central Bank’s gold balance rose on a monthly basis by 0.49% during May. This was from its level of 28.791 billion dirhams at the end of the previous April.
According to the statistical bulletin issued by the Central Bank today, the value of demand deposits grew. It exceeded 1.166 trillion dirhams at the end of last May. Previously, it was about 1.109 trillion dirhams at the end of December 2024.
Demand deposits were distributed as of the end of May at approximately 892.577 billion dirhams in local currency.
It also amounted to about 274.329 billion dirhams in foreign currencies.
The value of savings deposits amounted to 359.57 billion dirhams at the end of May. This compares to about 317.48 billion dirhams at the end of December 2024.
Savings deposits in local currency amounted to about 305.508 billion dirhams and in foreign currencies about 54.062 billion dirhams.
As for forward deposits, their value exceeded one trillion dirhams for the first time at the end of last May. It was distributed at 614.854 billion dirhams in local currency and 398.348 billion dirhams in foreign currencies.
