The total foreign assets held by the Central Bank of the UAE (CBUAE) moved up by AED1.73 billion in October 2022, marginally up by 0.41 percent from AED424.3 billion in the previous month.
The addition will take the total foreign assets of the central bank to AED426.03 billion at the end of last October.
The central bank attributed the monthly increase in foreign assets to the increase in bank balances and deposits with banks abroad by 2.2 percent, to reach AED246.42 billion during the period.
Foreign securities within the foreign assets of the central bank reached AED121.49 billion at the end of last October, an increase on a monthly basis of about 1.44 percent, compared to AED119.76 billion in September 2022.
CBUAE data indicated that other foreign assets reached AED58.12 billion at the end of last October, a decrease on a monthly basis by 8.3 percent, but increased on an annual basis by 22.7 percent, compared to AED47.36 billion in October 2021.
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