Picture used for illustrative purposes only.
Statistics showed that the CBUAE accounted for Dhs 763.8 billion of the net international reserves of the UAE banking sector by the end of last May, a growth of 13 percent compared with a balance of Dhs 673.42 billion by the end of 2023.
The net international reserves of banks operating in the UAE grew by 1 percent to Dhs 472.68 billion by the end of last May from Dhs 472.2 billion by the end of December 2023.