Q1 of 2020 saw a significant growth in the value of the precious metal reserves, which surged by 47 pct to AED5.951 as compared to the end of 2019.
In Q2, the reserves further increased to AED6.58 bn before soaring to AED8.462 in July.
The statistics previously issued by the UAE's financial regulator showed that its reserves of gold grew exponentially since 2015, which is the year when it decided to resume its reserves of gold and foreign currencies, most notably the US dollar and other major currencies.
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