2023-05-19 07:04:09
Friday, May 19, 2023 – 11:01 AM
ABU DHABI, May 19, 2020 / WAM / The Central Bank of the Emirates announced that its gold balance, on an annual basis, increased by 28% at the end of last February.
The data of the statistical bulletin issued by the bank today showed that its balance of the yellow metal reached 15.91 billion dirhams at the end of last February, an increase equivalent to more than 3.4 dirhams, compared to 12.476 billion dirhams in February 2022.
It is noteworthy that the Central Bank’s balance of gold witnessed a remarkable growth during the past years, rising to 12.862 billion dirhams at the end of 2020, compared to 4.044 billion dirhams at the end of 2019, and 1.134 billion dirhams at the end of 2018.
Gold falls within the various assets owned by the Central Bank, and includes liquid funds, certificates of deposit, and securities held until maturity.
Dina Omar / Ramy Samih
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