Cash deposits grew by 6.7% to 654 billion dirhams at the end of February

2023-05-18 19:32:27

The UAE Central Bank announced that cash deposits increased to 654.6 billion dirhams last February, an increase of 6.7% year-on-year, or the equivalent of 41.2 billion dirhams, compared to 613.4 billion dirhams in February of last year.
Sharjah 24 – WAM:

The UAE Central Bank revealed that cash deposits increased to 654.6 billion dirhams last February, an increase year-on-year by 6.7%, or the equivalent of 41.2 billion dirhams, compared to 613.4 billion dirhams in February 2022.

And the Central Bank stated, in the statistics of the country’s monetary totals, that cash deposits increased on a monthly basis by 1.46%, equivalent to 9.4 billion dirhams, compared to regarding 645.2 billion dirhams in January 2023.

He stated that semi-cash deposits rose to 987.4 billion dirhams last February, an annual increase of regarding 15%, compared to 858.2 billion dirhams in February 2022, an increase equivalent to 129.2 billion dirhams.

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