CBUAE gold reserves rise 7% to AED24.57 billion in January

Sharjah 24 – WAM: The gold reserves of the Central Bank of the United Arab Emirates (CBUAE) increased by 7 percent, or AED1.59 billion, in January 2025. The total reached AED24.571 billion, up from AED22.981 billion at the end of December 2024.

Demand deposits continue to rise

According to the CBUAE’s Monthly Statistical Bulletin for January, demand deposits grew to over AED1.116 trillion by the end of January, compared to AED1.109 trillion in December 2024.

Breakdown of demand deposits:

Local currency: AED834.9 billion
Foreign currencies: AED281.5 billion

Growth in savings deposits

Savings deposits increased to AED322.281 billion by the end of January, up from AED317.48 billion in December.

Breakdown of savings deposits:

Local currency: AED270.79 billion
Foreign currencies: AED51.48 billion

Fixed-term deposits remain strong

Fixed-term deposits reached AED926.22 billion in January, with:

AED552.47 billion in local currency
AED373.74 billion in foreign currencies

Rise in net international reserves

The UAE banking sector's net international reserves also increased, reaching AED1.466 trillion at the end of January, compared to AED1.446 trillion in December 2024.