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ABU DHABI / WAM
The gross value of interbank fund transfers through the UAE Fund Transfer System (UAEFTS) reached AED2.8 trillion in the first five months of the year, according to statistics released by the UAE Central Bank (CBUAE).
The CBUAE indicated that the value was almost the same as that registered in the corresponding period last year. “January was the busiest month with dirham-denominated transfers standing at AED604.3 billion, an increase of 11.2 percent as compared to December 2017, while February was the least active month with transfers at AED 528.3 billion,†the CBUAE noted.