UAE Monetary Base Expands To AED354 BillionSource: www.export-egypt.com 7/24/2018, Location: Middle East |
|
|
|
|
|
The monetary base expanded by 1.1 percent to AED354 billion during June from AED350 billion in May, according to CBUAE statistics released .
The monetary base expanded mainly due to increases in banks’ required reserves, which amounted to AED 125.1 by the end of June from AED124.4 billion in May. Certificates of Deposits purchased by Banks remain constant at AED125.2 billion. From the end of May to the end of June 2018, the multipliers of M1, M2 and M3 decreased from 1.43 to 1.40, from 3.73 to 3.67 and from 4.40 to4.39, respectively. The reduction in the multipliers of M1 and M2 reflect the decrease in their respective Monetary Aggregates, in contrast to the expansion of the monetary base. In the meantime, the decrease in the multiplier of M3 indicates a slower increase in its Monetary Aggregate as compared to the bigger expansion of the monetary base. |
|
|
Financials and Investment News in United Arab Emirates >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| United Arab Emirates Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | |
