Abu Dhabi – Mubasher: The UAE’s money supply aggregate M1 rose by 0.5% from AED 453.6 billion at the end of September to AED 455.7 billion at the end of October, 2015, the central bank announced Sunday.
Money supply aggregate M2 also increased by 0.7%, from AED1,176.4 billion at the end of September to AED1,185.1 billion at the end of October, according to state-run news agency WAM.
However, money supply aggregate M3 decreased by 0.1%, from AED1,341.9 billion at the end of September to AED1,340.8 billion at the end of October.
The increase in M1 and M2 was largely attributed to an increase of AED0.5 billion in Monetary Deposits and an increase of AED6.6 billion in Quasi-Monetary Deposits, respectively. The decrease in M3 was attributed to a decrease of AED9.8 billion in government deposits.
