Foreign assets in the UAE increased to 454 billion dirhams in November

Foreign assets in the UAE increased to 454 billion dirhams in November
Foreign assets in the UAE increased to 454 billion dirhams in November
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Abu Dhabi, January 24 (BNA): The total foreign assets of the UAE Central Bank rose during last November, reaching their highest levels in seven months, as they increased on a monthly basis by 6.54%, from 426.03 billion dirhams last October to 453.89 billion dirhams at the end of November 2022, an increase Equivalent to 27.86 billion dirhams, while it increased on an annual basis by 4.06%, compared to 436.17 billion dirhams in November 2021.

The UAE Central Bank statistics attributed the monthly increase in foreign assets, according to the Emirates News Agency (WAM), to an increase in bank balances and deposits with banks abroad by 10%, to reach 270.48 billion dirhams at the end of last November, compared to 246.42 billion dirhams in October 2022.

She said that foreign securities held to maturity within the foreign assets of the Central Bank reached 134.47 billion dirhams at the end of last November, an increase on a monthly basis of about 10.7%, compared to 121.49 billion dirhams in October 2022.

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She explained that other foreign assets reached 48.94 billion dirhams at the end of last November, a decrease on a monthly basis by 15.8%, but increased on an annual basis by 4.2%, compared to 46.97 billion dirhams in November 2021.

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