CBUAE gold reserves rise 19.3% in Q1 2025

June 24, 2025 / 9:27 PM

Sharjah 24 – WAM: The Central Bank of the United Arab Emirates (CBUAE) increased its gold reserves by 19.3% during the first quarter of 2025. The value rose by AED4.444 billion, reaching AED27.425 billion at the end of March, compared to AED22.981 billion at the end of 2024.

Increase in demand deposits

According to the CBUAE’s latest statistical bulletin, demand deposit balances grew to over AED1.147 trillion by the end of March 2025. This included AED856.062 billion in local currency and AED291.116 billion in foreign currencies, up from AED1.109 trillion in December 2024.

Rise in savings deposits

Savings deposits also saw an increase, reaching AED338.788 billion by the end of March, up from AED317.48 billion in December. Of this, AED268.97 billion were in local currency and AED51.817 billion in foreign currencies.

Time deposits approach AED1 trillion

Time deposits totalled AED991.757 billion at the end of Q1 2025. This figure includes AED614.854 billion in local currency and AED376.9 billion in foreign currencies.

UAEFTS transfers reach AED5.4 trillion

The UAE Funds Transfer System (UAEFTS) recorded a total of AED5.449 trillion in transfers during Q1 2025. This amount consisted of AED3.331 trillion in bank-to-bank transfers and AED2.118 trillion in customer transactions.

Cheque transactions exceed AED351 billion

In the first quarter, cheque transactions using image-based clearing reached AED351.359 billion across 5.615 million cheques. March alone saw 1.83 million cheques processed, amounting to AED116.712 billion.