The Central Bank of the United Arab Emirates (CBUAE) reported a significant 32 percent increase in its gold reserves during the first eight months of 2025, exceeding AED30 billion for the first time.
By the end of August, the value of the reserves had reached AED30.329 billion, compared to AED22.981 billion recorded at the end of December 2024.
On a month-to-month basis, the CBUAE’s gold holdings rose by over 4.5 percent in August, climbing from AED28.997 billion at the end of July.
According to the latest statistical bulletin released by the central bank, demand deposits increased to more than AED1.188 trillion by the end of August, up from AED1.109 trillion at the close of December 2024.
Of this total, AED892.273 billion was held in local currency and AED296.137 billion in foreign currencies.
Savings deposits reached AED376.479 billion, rising from AED317.48 billion at the end of December 2024. These included AED321.761 billion in local currency and AED54.718 billion in foreign currencies.
Meanwhile, time deposits surpassed AED1.05 trillion by the end of August, consisting of AED664.669 billion in local currency and AED386.19 billion in foreign currencies.
(Inputs from WAM)
