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UAE Central Bank's foreign assets up to AED326.6 bn in May

Foreign assets of the UAE Central Bank, CBUAE, rose to AED 326.6 billion in May 2018 from AED326.4 billion in April, according to latest statistics issued by the apex bank.

''Balances and deposits with banks abroad also surged from AED255.52 billion in April to AED257.23 billion in May 2018,'' the statistics stated, which exclude CBUAE's Reserve Tranche Position, RTP, and Special Drawing Right, SDR, holdings with the International Monetary Fund, IMF.

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