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According to the statistical bulletin issued by Central bank Today, the value of demand deposits at the end of last August reached 1.05 trillion dirhams, of which 767.089 billion were in local currency, while the value of savings deposits was 303.714 billion dirhams, of which about 254 billion dirhams were in local currency. currency, and the value of term deposits reached 886.661 billion dirhams, of which 524.73 billion are in local currency.
The statistical bulletin showed that letters of guarantee on a monthly basis rose to 95.478 billion dirhams at the end of August, compared to 95.2 billion dirhams at the end of last July.
As for the net international reserves of the UAE banking sector, they increased by 2.54 percent on a monthly basis to 1.305 trillion dirhams, compared to 1.273 trillion dirhams at the end of last July, while the percentage increase since the beginning of this year was about 14 percent. , in compared to 1.145 trillion dirhams at the end of December last year.
Statistics of banking operations published today also showed that the value of transfers made in the banking sector in the country UAE“Through the Emirates money transfer system.”UAEFTS“It crossed 12.746 trillion dirhams during the first eight months of this year.”
Transfers were distributed throughout the system at the rate of 8.038 trillion dirhams made by banks and 4.708 trillion dirhams made by clients.
In August alone, the value of bank transfers amounted to more than a trillion dirhams, while customer transfers amounted to about 604 billion dirhams.
Banking statistics showed that the value of checks traded using their images exceeded 873.696 billion dirhams, distributed over 14.9 million checks over eight months.
The value of cash withdrawals from the Central Bank from the beginning of the year to the end of August amounted to about 136 billion dirhams, while its cash deposits amounted to about 126.25 billion dirhams.
