Abu Dhabi, 20 October 2020 – Large international reserves have a net positive impact in terms of foreign investment into the country’s markets as greater foreign exchange reserve results into increased confidence in the monetary and exchange rate policy of the government.
According to WAM, Net international reserves in the United Arab Emirates grew 1.1 percent during August 2020, to AED353.15 bn from AED349.25 bn in July, according to the statistics shown by the Central Bank of UAE.
The balance of foreign securities, and other foreign assets increased to AED12.66 bn and AED32.43 bn, respectively during the same month.
News Source: www.wam.ae
For More Information, You can visit the website: www.wam.ae
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