UAE's money supply surges 0.5 percent in April
Date
5/22/2018 6:48:31 AM
(MENAFN) UAE's money supply (M3) surged 0.5% to AED 1.534 trillion in April 2018 from AED 1.527 trillion in March, Mubasher reported.
Also, M1 grew 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.
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