And the official Emirates News Agency reported on Wednesday that the Central Bank’s external assets increased on a monthly basis by 0.92%, from 500.5 billion dirhams last January to 505.11 billion dirhams. at the end of February 2023, an increase equivalent to 4.6 billion dirhams.
The Central Bank’s foreign assets increased on an annual basis by 6.25%, compared to 475.39 billion dirhams in February 2022, an increase equivalent to more than 29.7 billion dirhams in 12 months.
Statistics from the Central Bank of the United Arab Emirates attributed the monthly increase in foreign assets to the increase in foreign securities held to maturity by 2.3% to 146.9 billion dirhams at the end of last February, against approximately 143.64 billion dirhams in January 2023.
Bank assets and deposits with banks abroad within the external assets of the Central Bank recorded about 309.9 billion dirhams at the end of February, an increase in annual rate of 4.15% against about 297 .55 billion dirhams in February 2022, and a drop on an annual basis of around 1.4% against 314.37 billion dirhams in January 2023. .
Central Bank statistics indicate that other foreign assets reached 48.31 billion dirhams at the end of last February, an increase on a monthly basis of 13.7%, against 42.5 billion dirhams in January 2023, and an increase on an annual basis of around 22%, compared to 39.58 billion dirhams in February 2022.
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