Arab Today, arab today monetary and banking developments in uae
Last Updated : GMT 18:07:22
Arab Today, arab today
Arab Today, arab today

Monetary and banking developments in UAE

Arab Today, arab today

Arab Today, arab today Monetary and banking developments in UAE

Abu Dhabi - WAM

The Central Bank have announced that the money supply aggregate M0 (currency in circulation + currency at banks), increased by 3.8% from AED 60.5 billion at the end of September 2013 to AED 62.8 billion at the end of October of the same year. The money supply aggregate M1 (currency in circulation plus monetary deposits, i.e., current accounts and call accounts at banks), increased by 2.0%, from AED 354.4 billion at the end of September 2013 to AED 361.5 billion at the end of October of the same year. The money supply aggregate M2, which is comprised of M1 and quasi-monetary deposits (resident time and savings deposits in Dirhams, commercial prepayments in Dirhams and resident deposits in foreign currencies), increased by 5.1% from AED 955.0 billion at the end of September 2013 to AED 1,003.5 billion at the end of October of the same year. The money supply aggregate M3 (M2 plus government deposits at banks operating in the U.A.E. as well as at the Central Bank) increased by 2.0% from AED 1,199.6 billion at the end of September 2013 to AED 1,223.1 billion at the end of October of the same year. Total bank deposits increased by 1.2% during the month of October 2013, reaching AED 1,285.1 billion, as a result of an increase in resident deposits by 2.0%, while total bank loans and advances (net of provisions and interest in suspense) decreased by 1.7% to reach AED 1,157.8 billion, and total bank assets increased by 4.1% to reach AED 1,986.6 billion, at the end of October 2013. During the first ten months of 2013, the monetary aggregate M2 increased by 16.4%, while bank loans and advances increased by 5.3% and total bank deposits increased by 10.0%, as a result of an increase in resident deposits by 13.0%.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today monetary and banking developments in uae Arab Today, arab today monetary and banking developments in uae

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today monetary and banking developments in uae Arab Today, arab today monetary and banking developments in uae

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday