Abu Dhabi - Mubasher: Gold bars owned by the Central Bank of the UAE increased by 4.1% or AED 48 million in January compared to December 2017.
Gold reserves rose to AED 1.2 billion in January, the highest level in three years, from AED 1.152 billion in December 2017, data released by the central bank on Monday showed.
Statistics also show that the central bank’s gold reserves have witnessed continuous growth since 2015 after the decision to re-build these reserves.
Meanwhile, foreign reserves held by the UAE’s central bank recorded around AED 326 billion in January.
