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The Central Bank of the UAE’s gold balance stabilized at 20.46 billion dirhams by the middle of this year, up by more than 4.2 billion dirhams, and by more than 25% from the middle of 2023, when the Central Bank’s balance reached 16.2 billion dirhams.
According to the Central Bank’s data, its gold balance increased by nearly 2.3 billion dirhams, with a growth rate of 11.5% during the first six months of this year, compared to a total of 18.1 billion dirhams at the end of 2023.
The Central Bank maintains a high balance of gold achieved over the past four years, with a growth of nearly 60% over the period since the end of the pandemic year 2020, which brought the gold balance to 12.862 billion dirhams.
