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ABU DHABI / WAM
The Central Bank announced that the Money Supply aggregate M1 decreased by 0.9 percent from AED 493.4 billion at the end of April, 2016, to AED 488.9 billion at the end of May, 2016.
The Money Supply aggregate M2 decreased by 1.4 percent, from AED 1203.1 billion at the end of April, 2016 to AED 1186.4 billion at the end of
May, 2016.
The Money Supply aggregate M3 also decreased by 0.2 percent, from 1373.9 billion at the end of April, 2016 to AED 1371.3 billion at the end of May, 2016.
The reduction in M1 was mainly due to a decrease of AED 4.8 billion in Monetary Deposits. The decrease in M2 was mainly attributed to a reduction of AED 12.2 billion in Quasi-Monetary Deposits. However, the increase in Government Deposits by AED 14.1 billion mitigated the reduction in M3.