The Central Bank announced that money supply M0 (currency in circulation + currency at banks) increased by 3.8 percent from AED 53.1 billion at the end of June 2012 to AED 55.1 billion at the end of July 2012.
Money supply aggregate M1 (currency in circulation plus monetary deposits, i.e., current accounts and call accounts at banks) increased by 0.7 percent , from AED 284.3 billion at the end of June 2012 to AED 286.4 billion at the end of July of the same year.
Money supply aggregate M2 which comprises of M1 and quasi-monetary deposits (resident time and savings deposits in Dirhams, commercial prepayments in Dirhams and resident deposits in foreign currencies), increased by 0.7 percent, from AED 827.1 billion at the end of June 2012 to AED 832.5 billion at the end of July of the same year.
Money supply aggregate M1 (currency in circulation plus monetary deposits, i.e., current accounts and call accounts at banks) increased by 0.7 percent , from AED 284.3 billion at the end of June 2012 to AED 286.4 billion at the end of July of the same year.
Money supply aggregate M2 which comprises of M1 and quasi-monetary deposits (resident time and savings deposits in Dirhams, commercial prepayments in Dirhams and resident deposits in foreign currencies), increased by 0.7 percent, from AED 827.1 billion at the end of June 2012 to AED 832.5 billion at the end of July of the same year.
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