The UAE Central Bank’s gold reserves increased by about 32% over eight months from the beginning of this year until the end of August, surpassing the 30 billion dirhams mark for the first time and reaching 30.329 billion dirhams by the end of August, compared to 22.981 billion dirhams at the end of December 2024.

The central bank’s gold reserves also rose by more than 4.5% on a monthly basis during August, up from 28.997 billion dirhams at the end of July.

The statistical bulletin issued by the central bank today stated that the value of demand deposits grew to exceed 1.188 trillion dirhams by the end of August, compared to about 1.109 trillion dirhams at the end of December 2024.

Demand deposits at the end of August were distributed as approximately 892.273 billion dirhams in local currency and about 296.137 billion dirhams in foreign currencies.

Savings deposits reached 376.479 billion dirhams by the end of August, compared to about 317.48 billion dirhams at the end of December 2024.

Savings deposits in local currency were about 321.761 billion dirhams, and in foreign currencies about 54.718 billion dirhams.

Regarding time deposits, their value exceeded 1.05 trillion dirhams by the end of August, distributed as 664.669 billion dirhams in local currency and 386.19 billion dirhams in foreign currencies.