The UAE Central Bank’s gold balance increased on an annual basis by 16% at the end of last November, reaching 17.926 billion dirhams at the end of last November, compared to about 15.472 billion dirhams in November 2022, an increase equivalent to more than 2.45 billion dirhams.
Sharjah 24 – WAM:
The UAE Central Bank announced that its gold balance increased on an annual basis by 16% at the end of last November.
Data from the statistical bulletin issued by the bank on Thursday showed that its balance of the yellow metal reached 17.926 billion dirhams at the end of last November, compared to about 15.472 billion dirhams in November 2022, an increase equivalent to more than 2.45 billion dirhams.
The data showed that the Central Bank’s gold balance increased during the first 11 months of last year by about 11.72%, compared to about 16.045 billion dirhams in December of 2022, an increase equivalent to 1.88 billion dirhams.
The Central Bank’s gold balance increased on a monthly basis by about 1.9%, an increase equivalent to 335 million dirhams, compared to about 17.591 billion dirhams in the previous October.
It is noteworthy that the Central Bank’s gold balance has witnessed remarkable growth over the past years, rising to 12.862 billion dirhams at the end of 2020, compared to 4.044 billion dirhams at the end of 2019, and 1.134 billion dirhams at the end of 2018.
Gold is part of the various assets owned by the Central Bank, which includes liquid funds, certificates of deposit, and securities held until maturity.
2024-01-18 19:31:57
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