The Central Bank of the UAE (CBUAE) recorded a value of AED 17.413 billion for its gold reserves by the end of March 2023, indicating a year-on-year growth of 38 percent.
The latest data from the apex bank revealed a 9.4 percent monthly increase from AED 15.91 billion in February 2023. In the first quarter of 2023, gold reserves experienced an 8.5 percent growth compared to AED 16.04 billion in December 2022. Over the past few years, the UAE's gold reserves have shown significant growth, reaching AED 12.862 billion by the end of 2020, AED 4.44 billion by the end of 2019, and AED 1.134 billion by the end of 2018.
News Source: Emirates News Agency
