Monetary transfers via UAE banks exceed 4.5 trillion dirhams

Abu Dhabi (WAM)

The worth of transfers made within the nation’s banking sector, via the UAE monetary switch system (UAEFTS), exceeded 4.5 trillion dirhams within the first quarter of this 12 months, in keeping with the most recent statistics of the UAE Central Financial institution.
Banking exercise statistics issued by the financial institution confirmed that the worth of transfers made via the system amounted to 4.527 trillion dirhams, within the interval from January to March final 12 months, an annual improve of 16.2% in comparison with transfers price about 3.896 trillion dirhams. , made in the identical interval of the 12 months 2023. Based on statistics, the transfers made within the first quarter had been distributed at 2.839 trillion dirhams in transfers between banks, and 1.687 trillion dirhams in transfers between financial institution clients . Compensation reached 1.512 trillion dirhams in January, 1.449 trillion dirhams in February, and 1.565 trillion dirhams in March 2024.
Then again, statistics confirmed that the worth of money deposits within the Central Financial institution reached 42.034 billion dirhams within the first quarter of this 12 months, and consists of 42.03 billion dirhams in deposits in paper currencies and 33 thousand dirhams in cash.
Then again, the UAE Central Financial institution introduced that its gold steadiness elevated by 12.6% yearly on the finish of March final 12 months. Knowledge from the statistical bulletin issued by the financial institution right now confirmed that its steadiness of the yellow metallic reached 19.615 billion dirhams on the finish of March final 12 months, in comparison with about 17.41 billion dirhams in March 2023, a rise equal to greater than 2.2 billion dirhams.
The info confirmed that the Central Financial institution’s gold steadiness elevated barely by 9.8% per thirty days, in comparison with about 17.86 billion dirhams within the earlier February.
Then again, statistics from the Central Financial institution of the Emirates confirmed that the worth of liquid property within the nation’s banking sector elevated to 786.6 billion dirhams on the finish of the primary quarter of this 12 months, an annual improve of 28.2%, or equal to 172.8 billion dirhams, in comparison with roughly 613.8 billion dirhams within the earlier 12 months Finish of the primary quarter of 2023.