UAE money supply and credit growth accelerates in April | GulfNews.com:
"Money supply and credit expanded in the UAE in April according to the latest report by the Central Bank on country’s monetary aggregates.
The narrow money supply aggregate (M1) which includes currency in circulation plus monetary deposits, i.e., current accounts and call accounts at banks increased by 3.5 per cent from Dh412 billion at the end of March 2014 to Dh426.3 billion by the end of April 2014.
Key monetary indicators showed that the overall domestic liquidity continued to improve with broad money supply (M2) accelerating once again in April on an annual basis to reach 23.6 per cent year on year from 22.8 per cent; a new post-2008 high."
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