CBUAE is­sues Dhs87.6b notes, coins by Nov-end

The Gulf Today - Business - - FRONT PAGE -

ABU DHABI: A to­tal of Dhs87.6 bil­lion in notes and coins were is­sued by the Cen­tral Bank of the United Arab Emi­rates (CBUAE), by the end of Novem­ber 2018, an in­crease of Dhs2.2 bn over the end of 2017.

Ac­cord­ing to the CBUAE sta­tis­tics, notes and coins ac­counted for 21.6 per cent of the CBUAE to­tal li­a­bil­i­ties and cap­i­tal by the end of Novem­ber when they val­ued Dhs404.6 bil­lion.

Notes and coins is­sued by the CBUAE steadily grew af­ter a mod­est start in Jan­uary, reach­ing circa Dhs84.7 bn in March be­fore hit­ting Dhs86.14 bn in June.

They slowed down fol­low­ing June be­fore re­bound­ing to Dhs87.7 bil­lion by the end of Novem­ber 2018.

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