Central Banks

CBUAE’s Gold Reserves Up 19.7% YoY

CBUAE’s Gold Reserves Up 19.7% YoY

The value of gold reserves held by the Central Bank of the UAE (CBUAE) reached AED20.619 billion by the end of May 2024, marking a year-on-year (YoY) growth of 19.7 percent from AED17.219 billion in May 2023. The apex bank, in its Monthly Statistical Bulletin –...
CBUAE Maintains Base Rate At 5.40%

CBUAE Maintains Base Rate At 5.40%

ABU DHABI, 31st July, 2024 (WAM) — The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 5.40 percent. This decision was taken following the US Federal Reserve’s announcement today to keep...