(MENAFN- Emirates News Agency (WAM)) The UAE's Central Bank has announced that the Money Supply aggregate M1 increased by 1.6%, from AED 462.7 billion at the end of February to AED 470 billion at the end of March 2015.
The Money Supply aggregate M2 also increased by 1.3 %, from AED 1,176.1 billion at the end of February to AED 1,191.9 billion at the end of March 2015. Likewise, the Money Supply aggregate M3 increased by 1.2%, from 1,361.3 billion at the end of February to AED 1,377.2 billion at the end of March 2015.
Gross bank assets, including bankers' acceptances, increased by 1.9%, moving from AED 2,334.8 billion at the end of February to AED 2,379.9 billion at the end of March 2015.
Gross credit also increased by 1.2%, rising from AED 1,394 billion at the end of February to AED 1,410.2 billion at the end of March 2015. Total bank deposits increased by AED 19.2 billion during March 2015, reaching AED 1,449.3 billion.
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