Total reserves at UAE Central Bank hits AED 283.4 billion

Total reserves at UAE Central Bank hits AED 283.4 billion

The total reserves at the UAE Central Bank increased to AED 283.4 billion by the end of November 2018.

That’s a growth of 4.3 per cent compared to the same period a year before.

Reserves have been rising steadily since the beginning of 2018.

Analysts say the growth reflects the robust solvency position of the UAE banking sector and its compliance with international standards.


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