Economy Country January 22, 2025

Increase in UAE's Foreign Reserves by 22.74%

The net foreign reserves of the UAE banking sector have risen by 22.74%, equivalent to 260.48 billion dirhams, reflecting the strength of the local economy.


Increase in UAE's Foreign Reserves by 22.74%

According to the latest data, the fixed growth of total international reserves of the banking sector of the UAE is 22.74%, amounting to 260.48 billion dirhams. The stable growth of international reserves indicates the reliable stability and sustainability of the financial system of the country.

This positive trend reflects investors' confidence in the economic sustainability of the UAE. Similar indicators contribute further to the development of the financial sector, attracting new investments and facilitating the growth of the national economy.

Such achievements indicate a favorable investment environment in the UAE, the attractiveness of the banking sector for international investors, and trust in the financial system of the country.

According to the words of representatives of the financial sector, the increase in foreign currency reserves is also related to the successful diversification of the economy and skilled financial management, aimed at ensuring the stability of the national currency and strengthening the financial positions of the country.