Thursday 11 October 2012

WAM | Money Supply M0 increases to AED 55.7 billion, says UAE Central Bank

The Central Bank announced that money supply M0 (currency in circulation + currency at banks) increased by 1.1% from AED 55.1 billion at the end of July 2012 to AED 55.7 billion at the end of August 2012.

Money supply aggregate M1 (currency in circulation plus monetary deposits, i.e., current accounts and call accounts at banks) decreased by 0.5%, from AED 286.4 billion at the end of July 2012 to AED 285.0 billion at the end of August 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 0.3%, from AED 832.5 billion at the end of July 2012 to AED 835.0 billion at the end of August of the same year.

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