The value of transfers carried out in the country’s banking sector through the UAE Financial Transfer System (UAEFTS) increased to more than 12 trillion dirhams during the first nine months of this year, according to the latest statistics of the UAE Central Bank.
Banking operations statistics, issued by the Central Bank today, showed that the value of transfers carried out through the Emirates financial transfer system amounted to 12.379 trillion dirhams during the period from January to last September, an increase on an annual basis of 34.3% compared to transfers worth about 9.217 trillion dirhams carried out during the same period. From last year 2022.
According to statistics, the transfers carried out during the first nine months of this year were distributed at 7.915 trillion dirhams in transfers between banks and 4.463 trillion dirhams in transfers between bank customers.
Transfers last January reached 1.215 trillion dirhams, and about 1.214 trillion dirhams in February, in addition to 1.46 trillion dirhams in March, while they reached about 1.172 trillion dirhams in April, 1.68 trillion dirhams in May, 1.261 trillion dirhams in June, and 1. .52 trillion in July, 1.47 trillion in August, and 1.38 trillion in September.
It is noteworthy that the Emirates Financial Transfer System (UAEFTS) is the main transfer system that has been developed at the Central Bank of the Emirates since August 2001, as this system facilitates the transfer of funds between entities participating in the system instantly.
In another context, Central Bank statistics showed that the value of clearing circulated checks using their images amounted to 930.6 billion dirhams, distributed over 16.45 million checks during the first nine months of this year.
The clearing of circulated checks using their images was distributed by 97.9 billion dirhams for about 1.825 million checks in January, 96.7 billion dirhams for about 1.752 million checks in February, 111.7 billion dirhams for about 1.98 million checks in March, and 91.7 billion dirhams for about 1.63 million checks in April, 116.1 billion dirhams for about 2.01 million checks in May, 98.9 billion dirhams for about 1.59 million checks in June, 107.9 billion dirhams for about 1.96 million checks in July, and 104.7 billion dirhams for about 1.85 million checks in August and 104 6 billion dirhams for about 1.8 million checks in September.
On the other hand, statistics showed that the value of cash deposits in the Central Bank during the first nine months of this year reached 127.898 billion dirhams, and included 127.888 billion dirhams in deposits in paper currencies and 10.28 million dirhams in coins.
The value of cash withdrawals from the Central Bank reached about 132.777 billion dirhams during the nine months, and 132.73 billion dirhams included withdrawals in paper currencies and 46.35 million dirhams in coins. Wham
2023-12-08 20:34:04
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