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UAE Central Bank Records Robust Position of Total Reserves at AED 283.4 billion

PUBLICATIONS / Articles / 2019 / UAE Central Bank Records Robust Position of Total Reserves at AED 283.4 billion
Total reserves at the UAE Central Bank stood at AED 283.4 billion by the end of November, recording a growth of 4.3 percent compared to the same period in 2017.

The increase in reserve figures reflect the strong position of UAE banks and its compliance with worldwide standards, providing a stable and robust foundation for continued expansion and growth for the Gulf economy.

Net international reserves of the UAE banks also closed at a record high of AED 404 billion in November, per state news agency WAM.

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