#UAE central bank’s foreign assets up 11% in July | ZAWYA MENA Edition

UAE central bank’s foreign assets up 11% in July | ZAWYA MENA Edition:

Total foreign assets of the Central Bank of the UAE (CBUAE) rose by 11.1% year-on-year or AED 37 billion in at the end of July, a survey conducted by Mubasher showed.

The bank’s foreign assets valued at AED 369.3 billion ($100.5 billion) at the end of July, as compared to AED 332.31 billion ($90.5 billion) in the corresponding period of 2018, the survey highlighted.

Month-on-month, the value of foreign assets fell by 2.1% or AED 7.94 billion, versus AED 377.24 billion ($103 billion) at the end of June.