UAE Central Bank gold reserves rise to AED 1.2 billion
The value of the UAE Central Bank’s gold reserves rose to AED 1.2 billion at the end of January.
The figure marks a three-year high and an increase of more than 4 per cent compared to 2017.
Meanwhile, the value of the bank’s reserves of foreign currencies has reached AED 326 billion.
In 2015, the UAE decided to resume its reserves of gold and foreign currencies, most notably the US dollar and other major currencies.