Abu Dhabi – Mubasher: Financial transfers among UAE-based banks rose by AED 990 billion or 19.2% during the first ten months of 2016 to AED 6.01 trillion from AED 5.02 trillion for the year-ago period, according to data issued by the Central Bank of UAE.
The value of bounced checks increased by 22% year-on-year to AED 11.1 billion from AED 61.6 billion.
Cash withdrawals stood at AED 19.7 billion, down 8.4% from AED 21.5 billion for the year-ago period.
