The foreign assets of the UAE Central Bank swelled by nearly Dh35 billion over the past year and most of the increase was in its investments in foreign securities, its balance sheet has shown.
From around Dh120.6 billion at the end of January 2010, the central bank's total foreign assets surged by nearly 29 per cent to Dh155.4 billion at the end of January 2011, showed the figures released this week.
The assets had gained around 12 billion in the previous year after recorded their biggest annual decline of nearly Dh169 billion in 2008.
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