UAE – Mubasher: Total foreign assets of the Central Bank of the UAE (CBUAE) increased by 12% year-on-year in April, according to the CBUAE’s data.

The central bank’s foreign-currency assets stood at AED 365.5 billion ($99.5 billion) at the end of April, versus AED 326.39 billion ($88.9 billion) in the same month of 2018, data showed.

Month-on-Month, foreign assets fell by 3%, compared to AED 377 billion ($102.7 billion) in March, the CBUAE added.

The CBUAE’s total assets and liabilities amounted to AED 422.2 billion at the end of April, versus AED 432.6 billion in March.

Current accounts balance of banks at the CBUAE totalled AED 23.5 billion last April, rising by AED 1.2 billion from in March.

Meanwhile, the reserve balance of banks reached AED 124.1 billion, the central bank indicated.

Issued cash increased at the end of April to AED 893 billion from AED 88.3 billion in March, figures added.

Furthermore, banks’ balance and deposits abroad accounted for 81% or AED 297 billion in April, while foreign cash made up around 15% of total foreign assets.