UAE – Mubasher: The UAE’s foreign currency assets grew by 1.3% year-on-year to AED 400 billion in January 2020, according to the Emirates News Agency.

The increase in the GCC country’s foreign assets resulted from growth in deposits held in banks abroad, which amounted to AED 369 billion.

The Central Bank of the UAE’s assets in foreign currencies do not include reserves and the special drawing rights of the International Monetary Fund.

Moreover, the balance of securities held until maturity recorded AED 11.47 billion in January, while the balance of other foreign assets registered AED 19.49 billion.