Abu Dhabi-Mubasher: The UAE recorded a growth in its monetary base by 10.4% to AED 326.4 billion by the end of May 2016 from AED 295.6 billion in the prior-year period.
On a monthly basis, monetary base rose 0.59% by the end of May 2016, compared to AED 324.5 billion by the end of April 2015, according to press release by the UAE Central Bank.
Certificates of deposit reached AED 108.5 billion by the end of May 2016, a growth of 14.6% year-on-year (y-o-y) and 1.5% month-on-month (m-o-m).
Currency issued went up 7.1% y-o-y and 0.66% m-o-m, totalling AED 76.6 billion by the end of May 2016.
