The Central Bank of the United Arab Emirates has reported a sharp 32 percent increase in its gold reserves during the first eight months of 2025, crossing the AED30 billion threshold for the first time.
According to the bank’s latest statistical bulletin, gold holdings rose to AED30.329 billion by the end of August, compared with AED22.981 billion at the close of December 2024. The reserves also grew by more than 4.5 percent in August alone, climbing from AED28.997 billion in July.
The data highlights growing strength in the UAE’s financial reserves as the central bank continues to diversify its assets amid global economic uncertainty. Alongside the surge in gold holdings, demand deposits also increased, reaching AED1.188 trillion by the end of August, up from AED1.109 trillion at the end of 2024.
Of these deposits, AED892.273 billion were held in local currency, while AED296.137 billion were in foreign currencies. Savings deposits saw a notable rise to AED376.479 billion, reflecting higher liquidity in the banking system. Time deposits exceeded AED1.05 trillion, with the majority—AED664.669 billion—held in dirhams.
The sustained growth across multiple categories underscores the UAE’s strong monetary position and continued investor confidence in its financial system.
News Source: Emirates News Agency
