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ABU DHABI / WAM
The Central Bank of the UAE (CBUAE) has announced that the Money Supply aggregate M1 increased 0.3 percent, from AED642.3 billion at the end of March 2021 to AED644.4 billion at the end of April 2021.
The Money Supply aggregate M2 decreased to AED1462.5 billion at the end of April 2021, meanwhile, the Money Supply aggregate M3 reduced to AED1764.8 billion at the end of April 2021.
The Monetary Base contracted by 1.4 percent falling from AED437.1 billion at the end of March 2021 to AED430.8 billion at the end of April 2021. The main driving force behind this fall in the Monetary Base was 20.0 percent and 3.7 percent decrease in Reserve Requirements and Certificates of Deposit & Monetary Bills.
Currency Issued and Banks & OFCs’ Current Accounts & Overnight Deposits of Banks
at CBUAE rose by 2.2 percent and 20.5 percent, correspondingly.