Egypt Zones accountACCOUNT

UAE Central Bank Announces M1 Rises By 0.1%

Source: www.export-egypt.com 7/22/2019, Location: Middle East

Share |
The Central Bank has announced that the Money Supply aggregate M1 ascended by 0.1%, from AED507.2 billion at the end of May 2019 to AED507.9 billion at the end of June 2019.

The Money Supply aggregate M2 rose by 2.2%, from AED1321.3 billion at the end of May 2019 to AED1351 billion at the end of June 2019.

The Money Supply aggregate M3 also scaled by 1.6%, from AED1619.1 billion at the end of May 2019 to AED1645.4 billion at the end of June 2019. The surge in M1 was mainly due to an increase of AED2 billion in Monetary Deposits, overriding an AED1.3 billion decline in Currency in Circulation outside Banks.

M2 largely swelled owing to an enlarged M1 and an AED29 billion growth in Quasi-Monetary Deposits. M3 expanded due to increased M1 and M2, superseding an AED3.4 billion lessening of Government Deposits.

Gross bank assets, including bankers’ acceptances, augmented by 1.6%, climbing from AED2912.9 billion at the end of May 2019 to AED2958.6 billion at the end of June 2019.

Gross credit increased by 0.7% from AED1681.4billion at the end of May 2019 to AED1692.7 billion at the end of June 2019.

During June 2019, total bank deposits grew by AED15.4 billion, attributable to an AED28 billion rise in Resident Deposits, dominating a waning of AED12.6 billion in Non-Resident Deposits.

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 |

More News

Oil & Gas Companies in United Arab Emirates >>

Related Links

Egypt Zones
Copyright © Universal Solutions All rights reserved. - Privacy Policy.