UAE Central Bank gold reserves exceed Dhs30 billion for first time

The Central Bank of the United Arab Emirates (CBUAE) has seen its gold reserves rise by around 32 percent during the first eight months of 2025, surpassing Dhs30 billion for the first time.

By the end of August, the value of the reserves reached Dhs30.329 billion, compared with Dhs22.981 billion at the end of December 2024.

On a monthly basis, the central bank’s gold holdings grew by more than 4.5 per cent in August, up from Dhs28.997 billion at the end of July.

A grand view of the UAE Central Bank headquarters in Abu Dhabi.

According to the CBUAE’s statistical bulletin issued on Wednesday, the value of demand deposits rose to over Dhs1.188 trillion by the end of August, compared with Dhs1.109 trillion at the end of December 2024.

As of the end of August, demand deposits included Dhs892.273 billion in local currency and Dhs296.137 billion in foreign currencies.

Savings deposits totalled Dhs376.479 billion, up from Dhs317.48 billion at the end of December 2024, comprising Dhs321.761 billion in local currency and Dhs54.718 billion in foreign currencies.

Time deposits also exceeded Dhs1.05 trillion by the end of August, with Dhs664.669 billion held in local currency and AED386.19 billion in foreign currencies.

WAM