Foreign currency deposits in UAE banks increase 7.3% in 8 months

Foreign currency deposits in UAE banks increase 7.3% in 8 months

ABU DHABI — The total foreign currency deposits held by the UAE national banks amounted to circa 409 billion dirhams by August, a growth of 7.3 percent, according to the statistics of the Central Bank of the United Arab Emirates.

These account for 30 percent of the total deposits held by the Emirati banks, valued at 1.346 trillion dirhams by the end of August. They grew to 366.8 billion dirhams in Q2 from 381 billion dirhams in December 2019, before rising to around 395 billion dirhams in July.

The foreign deposits held by all national banks