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Abu Dhabi / WAM
The Central Bank announced that the Money Supply aggregate M1 increased by 0.4%, from AED490.3 billion at the end of November 2017 to AED492.4 billion at the end of December 2017.
In a statement, the bank said, “The Money Supply aggregate M2 increased by 2.2%, from AED1248.8 billion at the end of November 2017 to AED1276.2 billion at the end of December 2017.†It added, “The Money Supply aggregate M3 decreased by 0.5%, from AED1494.3 billion at the end of November 2017 to AED1487.1 billion at the end of December 2017.â€
“The increase in M1 was mainly due to a rise of AED 1.9 billion in Monetary Deposits. The increase in M2 was brought about by an AED 25.3 billion increase in Quasi-Monetary Deposits.