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CBUAE foreign assets fall in October

CBUAE foreign assets fall in October
CBUAE foreign assets fall in October

Abu Dhabi – Mubasher: Foreign assets held with the Central Bank of the UAE (CBUAE) decreased slightly by 0.07% to reach AED 327.06 billion ($89.06 billion) in October from AED 327.3 billion ($89.12 billion) in the prior month.

Government deposits, however, jumped 42% or by AED 89 billion to AED 300 billion by the end of the first 10 months of 2018 from AED 211 billion by the end of December 2017, data released by the CBUAE showed on Wednesday.

Other financial indicators showed positive growth in the UAE’s banking sector, which has become one of the largest and most distinguished sector in the Middle East.