ABU DHABI 18 April 2018: Monetary deposits at the UAE Central Bank stood at Dh55.8 billion in the first quarter of 2018 while withdrawals reached about Dh55 billion, according to the figures released by the UAE Central Bank on Tuesday.
“Value of deposits in banknotes was Dh55.78 billion against Dh23 million for currency in coins,” the figures indicated.
“Monetary deposits were valued at Dh19.1 billion in March up 25.6 percent over February while January remained the most active in the deposit trends with Dh21.5 billion,” said Wam.
Withdrawals increased 19.7 per cent in January to Dh19.53 billion as compared to February, the figures showed.
Deposits and withdrawals usually signify the level of activity of the national economy during a specific period.