Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 3 hours, 49 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
Money supply M1 spirals to Dhs498b: CB
March 07, 2018
 Print    Send to Friend

ABU DHABI: The UAE Central Bank has announced that the Money Supply aggregate M1 increased by 1.1 per cent, from Dhs492.4 billion at the end of December 2017 to Dhs498 billion at the end of January 2018.

In a statement, the bank said, “The Money Supply aggregate M2 increased by 0.1 per cent, from Dhs1276.2 billion at the end of December 2017 to Dhs1277.2 billion at the end of January 2018.

It added, “The Money Supply aggregate M3 decreased by 0.4 per cent, from Dhs1487.1 billion at the end of December 2017 to Dhs1480.9 billion at the end of January 2018.

“The increase in M1 was mainly due to a rise of Dhs5 billion in Monetary Deposits. The increase in M2 was brought about by the increase in M1, overshadowing an Dhs4.6 billion reduction in Quasi-Monetary Deposits. M3 mainly fell due to Dhs7.2 billion reduction in Government Deposits.

“Gross bank assets, including bankers’ acceptances, decreased by 0.3 per cent, falling from Dhs2695 billion at the end of December 2017 to Dhs2688.1 billion at the end of January 2018.

“Gross credit increased by 0.5 per cent from Dhs1580.7 billion at the end of December 2017 to Dhs1587.9 billion at the end of January 2018.

“During January 2018, total bank deposits decreased by Dhs5.8 billion mainly due to an Dhs5.2 billion and Dhs0.6 billion reductions in Resident Deposits and Non-Resident Deposits, respectively.”

WAM

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
Middle East lighting fixtures market to hit $8.7b
DUBAI: Valued at $4.4 billion in 2017, the Middle East lighting fixtures market is tipped to grow 10 per cent annually up to 2024, when revenues will top $8.7 billion. ..
Registration for ‘Tax Refund Scheme for Tourists’
ABU DHABI: The Federal Tax Authority (FTA), has invited retailers, outlets and shops registered for Value Added Tax (VAT), to register in the digital system of the Tax Re..
Workshop on VAT refund for tourists held
DUBAI: The Dubai Chamber of Commerce and Industry (DCCI) recently hosted a workshop aimed to familiarise retailers and members of the business community with the UAE’s ne..
Expo 2020 Dubai team reviews plans
DUBAI: Members of the Expo 2020 Dubai Higher Committee, under the chairmanship of Sheikh Ahmed bin Saeed Al Maktoum, Expo 2020 Higher Committee Chairman, President of the..
German Pavilion to be big draw at Expo
DUBAI: Visitors from around the world will be wowed by the German Pavilion that will take them on a unique and exciting educational journey through a ‘world of sustainabi..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright