CBUAE issues summary report of monetary, banking developments for March 2024

The Central Bank of the UAE announced that the money supply aggregate M1 increased by 3.7%, from AED847.0 billion at the end of February 2024 to AED878.1 billion at the end of March 2024. This was due to AED6.0 billion rise in currency in circulation outside banks, combined with AED25.1 billion inc