UAE central bank's foreign assets in Q1 hits $106bn ABU DHABI, 5 hours, 35 minutes ago The foreign assets held by the Central Bank of the UAE has increased to AED392.4 billion by the end of Q1, up 1.1 per cent over the previous quarter, according to a report by CBUAE.
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.
With regards to the country's twin bourses, the report said Abu Dhabi’s quarterly average Financial Market Index rose by 17% during the first quarter of 2021.