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Foreign assets up to AED392.4 bn by end of Q1 21: UAE Central Bank ABU DHABI, 26th May, 2021 (WAM) The foreign assets held by the Central Bank of the United Arab Emirates increased to AED392.4 billion by the end of Q1 21, a QoQ grwoth of 1.1%, a CBUAE report shows. The apex bank ascribed the growth mainly to AED85.9 billion quarterly increases in foreign securities and other foreign assets by 25.7% (AED 9.2 billion), overshadowing a reduction in current account balances and deposits with banks abroad by 26.1% (AED90.7 billion) From March 2020 to March 2021, Central Bank Foreign Assets increased by 0.4%, YoY, added the report.

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