Investor Presentaiton
CBUAE Classification: Public
3rd Quarter 2022 [UNITED ARAB EMIRATES MONETARY, BANKING & FINANCIAL MARKETS DEVELOPMENTS]
Introduction
As part of its commitment to promote economic and financial stability and growth in the UAE, the Central Bank of the UAE actively fosters a stable
and efficient financial system by providing effective central banking services. The United Arab Emirates Monetary, Banking and Financial Markets
Developments Report is one of the many avenues through which the Central Bank seeks to keep its stakeholders informed.
This report discusses the monetary and banking activities as well as developments in the UAE financial markets during the third quarter of 2022. The
report also reviews ratios of annual change over the period from September 2021 to September 2022.
Monetary Developments
Money Supply M1, which comprises Currency in Circulation outside Banks (Currency Issued - Cash at banks) plus Monetary Deposits, decreased by 0.4% (q-o-
q) during the third quarter of 2022.
On an annual basis, there was 8.2% (y-o-y) hike in the monetary aggregate M1, reaching AED 723.0 billion at the end of September 2022.
Money Supply M2 (M1 plus Quasi Monetary Deposits (Resident Time and Savings Deposits in Dirham, plus Resident Deposits in Foreign Currencies)), grew by
1.4% (q-o-q) during the third quarter of 2022.
On an annual basis, there was 10.7% (y-o-y) increase in Money Supply M2, reaching AED 1,645.6 billion at the end of September 2022.
Money Supply M3 (M2 plus government deposits at banks and at the Central Bank) also rose by 5.6% (q-o-q) during the third quarter of 2022.
On an annual basis, there was a 14.6% (y-o-y) rise in Money Supply M3, reaching AED 2,048.1 billion at the end of September 2022.
CBUAE November 2022
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