United Arab Emirates – Mubasher: The UAE’s aggregate money supply M1 – cash held by the public and banks –  was up 1.6% at the end of March, rising to AED 470 billion from February’s AED 462.7 billion, according to data from the UAE’s central bank.

M2 money supply grew 1.3% from AED 1.18 trillion at the end of February to AED 1.19 trillion at the end of March.

Total banking assets increased 1.9% to AED 2.38 trillion, up from AED 2.33 trillion at the end of February, the bank said.

Total banking deposits grew by AED 19.2 billion in March to AED 1.45 trillion.