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Gross banks' assets up by 1.6% to Dhs4,636.8b at end of February
Gulf Today
|May 08, 2025
The Central Bank of the UAE (CBUAE) announced the increase in money supply aggregate M1 by 1.8%, from Dhs965.3 billion at the end of January 2025 to Dhs982.9 billion at the end of February 2025. The increase was due to Dhs4.1 billion growth in currency in circulation outside banks and Dhs13.5 billion rise in monetary deposits.
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Gross banks' assets, including bankers' acceptances, increased by 1.6% from Dhs4,562.3 billion at the end of January 2025 to Dhs4,636.8 billion at the end of February 2025.
According to the apex bank's Monetary & Banking Developments - February 2025, the money supply aggregate M2 increased by 1.8%, increasing from Dhs2,319.3 billion at the end of January 2025 to Dhs2,361.9 billion at the end of February 2025. M2 increased because of an elevated M1, and Dhs25.0 billion rise in Quasi-Monetary Deposits.
This story is from the May 08, 2025 edition of Gulf Today.
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