UAE’s foreign currency assets hit AED 400bn in January 2020

UAE’s foreign currency assets hit AED 400bn in January 2020

The increase in the GCC country's foreign assets resulted from growth in deposits held in banks abroad, which amounted to AED 369 billion.. The Central Bank of the UAE's assets in foreign currencies do not include reserves and the special drawing rights of the International Monetary Fund.. The balance of securities held until maturity recorded AED 11.47 billion in January, while the balance of other foreign assets registered AED 19.49 billion..