Abu Dhabi – Mubasher: UAE’s foreign currency reserves rose in August by 13.3% year-on-year to AED 299.31 billion ($81.47 billion) from AED 264.15 billion ($71.1 billion), according to data issued by the Central Bank of UAE.

On a monthly basis, the currency reserves stood at AED 315.34 billion, down 5.08% from AED 16.03 billion for the previous month.

Foreign deposits declined to AED 118.23 billion in August from AED 123.46 billion a month earlier.

The country's foreign assets are divided into AED 118.23 billion deposits with banks abroad, AED 174.44 billion held-to-maturity securities and AED 6.64 other foreign assets, totaling AED 299.31 billion.