Abu Dhabi – Mubasher: Money supply (M3) in the UAE grew 0.5% to AED 1.534 trillion in April 2018 from AED 1.527 trillion in March.

Also, M1 rose 1.3% to AED 517.4 billion last month versus AED 510.6 billion a month earlier, according to a report released by Central Bank of the UAE (CBUAE).

M2 increased by 1.5% month-on-month to AED 1.3 trillion in April, while total assets of operating banks in the UAE, including bankers' acceptances, declined 0.2% month-on-month to AED 2.712 trillion in the fourth month of 2018.

Bank credit decreased to AED 1.607 trillion in April from AED 1.608 trillion in March, the CBUAE’s data showed.