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Abu Dhabi / WAM
The central bank of the UAE has announced that the Money Supply Aggregate M3 edged up to AED1.632trn in August, from AED1.602trn by the end of 2018.
According to bank’s statistics, government’s deposits amounted to AED269bn in August with monetary deposits standing at AED433.6bn and quasi-monetary deposits at AED853.4bn. Issued cash reached AED90.2bn, with currency in circulation outside banks estimated at AED75.4bn.
Meanwhile, the gross assets of central bank of UAE amounted to AED422.6bn by end of August, up AED1.8bn from previous month.