Wednesday, June 9, 2021 – 12:02 PM
ABU DHABI, June 9 / WAM / The value of the new foreign liquidity that was injected into demand deposits with the banking system in the country amounted to 15.82 billion dirhams during the first four months of this year, according to statistics issued by the Central Bank of the Emirates.
The significant growth in demand deposits in foreign currencies indicates the extent of confidence enjoyed by the banking system among foreign dealers, who constitute a good percentage of the total bank customers in the country.
It is clear from the statistics of the Central Bank that the continuous increase in demand deposits in foreign currencies contributed to raising their total cumulative balance to approximately 199.66 billion dirhams at the end of April 2021, compared to 183.74 billion dirhams in December of the year 2020.
Demand deposits in foreign currencies constitute about 13.1% of the total value of deposits of all categories by the end of April of this year.
Statistics show that the total balance of demand deposits in foreign currencies with national banks amounted to 148.35 billion dirhams at the end of last April, which constitutes more than 74% of their total balance with the banking system. The state.
It is noteworthy that the movement of the general index of this type of deposits fluctuated during the last quarter of the year 2020, before improving again at the beginning of the year 2021, and its total balance achieved great leaps before settling at the level recorded in last April.
WAM/Nasser Arif/Dina Omar