UAE: CBUAE reports 8.6 percent growth in cash deposits in 12 months

Abu Dhabi [UAE], January 17 (ANI/WAM): The Central Bank of the United Arab Emirates (CBUAE) reported an increase in cash deposits to AED682.3 billion in November 2023, marking a YoY growth of 8.6 percent, or the equivalent of AED54 billion, compared to AED628.4 billion in November 2022.

The cash deposits increased by 7.35 percent during the first 11 months of the previous year, reaching around AED635.6 billion at the end