Total assets of the UAE Central Bank rose by 58 per cent to Dhs163.1 billion in the first half of this year compared to Dhs103.2 billion by the end of 2006.
The Central Bank said the volume of deposits taken as assets rose by Dhs57.3 billion to Dhs113.8 billion, up by 98.6 per cent during the period of comparison. This shows the large volume of liquidity available with the Central Bank.
The volume of cash money and bank balances rose from Dhs425 million to Dhs3.314 billion while the portfolio of bonds retained till maturity date fell slightly from Dhs43.29 billion by the end of last year to Dhs43.28 billion by the end of June, 2006.
As far as Central Bank's liabilities are concerned, the current accounts and deposits rose from Dhs30.9 billion by the end of last year to Dhs36.9 billion by the end of June this year, The Gulf Today reported citing figures by the bank.
The Central Bank issued Dhs83.12 billion worth of deposit certificates during the first half of this year, up from Dhs92.3 billion by the end of last year. By this, the balance of deposit certificates during the first half of this year rose by 1257.3 per cent. This is aimed at withdrawing part of the liquidity as part of the Central Bank's bid to confront the increasing inflation of the country.
The Central Bank's budget for June this year showed a rise in the issued cash money from Dhs26.8 billion by the end of last year to Dhs27.9 billion by the end of June 2007. The Central Bank's permanent deposits from the federal government remained unchanged at Dhs11.29 billion. Source
The Central Bank said the volume of deposits taken as assets rose by Dhs57.3 billion to Dhs113.8 billion, up by 98.6 per cent during the period of comparison. This shows the large volume of liquidity available with the Central Bank.
The volume of cash money and bank balances rose from Dhs425 million to Dhs3.314 billion while the portfolio of bonds retained till maturity date fell slightly from Dhs43.29 billion by the end of last year to Dhs43.28 billion by the end of June, 2006.
As far as Central Bank's liabilities are concerned, the current accounts and deposits rose from Dhs30.9 billion by the end of last year to Dhs36.9 billion by the end of June this year, The Gulf Today reported citing figures by the bank.
The Central Bank issued Dhs83.12 billion worth of deposit certificates during the first half of this year, up from Dhs92.3 billion by the end of last year. By this, the balance of deposit certificates during the first half of this year rose by 1257.3 per cent. This is aimed at withdrawing part of the liquidity as part of the Central Bank's bid to confront the increasing inflation of the country.
The Central Bank's budget for June this year showed a rise in the issued cash money from Dhs26.8 billion by the end of last year to Dhs27.9 billion by the end of June 2007. The Central Bank's permanent deposits from the federal government remained unchanged at Dhs11.29 billion. Source
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