The Minister of Finance of the UAE, Khalid Al Musa, reported that the reserves of the Central Bank of the UAE in gold increased by 26.64% or by 4.83 billion dirhams by the end of December 2024, reaching a mark of 22.98 billion dirhams, compared to 18.147 billion dirhams at the end of 2023. On a monthly basis, gold-backed reserves decreased by 1.16% or 269 million dirhams, amounting to 23.25 billion dirhams by the end of November 2024.
The authoritative body stated: "We are confident in strengthening the financial reserves of the country, which is a strategic priority in our work. The growth of gold reserves at the Central Bank indicates sustainable economic development and the well-being of the country."
