Gold is among the various assets owned by the UAE Central Bank, which include liquid funds, certificates of deposit, and securities held until maturity.
Balance increased Central Bank of the Emirates from gold By 12.6% to 19.615 billion dirhams at the end of last March, compared to about 17.41 billion dirhams in March 2023, an increase equivalent to more than 2.2 billion dirhams.
Data from the statistical bulletin issued by the Central Bank of the Emirates, today, showed that its balance of the yellow metal increased slightly on a monthly basis, amounting to 9.8%, compared to about 17.86 billion dirhams in the previous February.
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The Central Bank’s gold balance has witnessed remarkable growth over the past years, rising to 12.862 billion dirhams at the end of 2020, compared to 4.044 billion dirhams at the end of 2019, and 1.134 billion dirhams at the end of 2018.
Gold is part of the various assets owned by the UAE Central Bank, which include liquid funds, certificates of deposit, and securities held until maturity.
