The Central Bank of the United Arab Emirates (CBUAE) considerably expanded its gold reserves within the first quarter of 2025, including AED4.444bn ($1.21bn) to achieve a complete of AED27.425bn ($7.46bn) by the tip of March, up from AED22.981bn ($6.25bn) on the shut of 2024.
The figures, printed within the Central Financial institution’s newest statistical bulletin, spotlight strong exercise throughout the UAE’s banking sector, with notable progress in deposits and digital transfers.
CBUAE statistics
- Demand deposits climbed to AED1.147tn ($312.24bn), up from AED1.109tn ($302.04bn) on the finish of December 2024. This included AED856.062bn ($232.92bn) in native foreign money and AED291.116bn ($79.3bn) in foreign currency echange
- Financial savings deposits elevated to AED338.788bn ($92.2bn), up from AED317.48bn ($86.4bn)
- Time deposits reached AED991.757bn ($269.9bn), with AED614.854bn ($167.5bn) in native foreign money and AED376.9bn ($102.4bn) in foreign currency echange
Complete transfers carried out by means of the UAE Funds Switch System (UAEFTS) hit AED5.449tn ($1.48tn) in Q1 2025. These comprised:
- AED3.331tn ($903.5bn) in bank-to-bank transfers
- AED2.118tn ($574.4bn) in buyer transfers
The worth of cheques cleared through digital imaging within the first three months of 2025 stood at AED351.359bn ($96bn) throughout 5.615 million cheques. In March alone, AED116.712bn ($31.8bn) value of cheques have been processed.
In the meantime, money withdrawals from the Central Bank throughout Q1 totalled AED63.887bn ($17.39bn), whereas money deposits reached AED47.124bn ($12.83bn).