A record amount of gold was accumulated by the Central Bank of the UAE as of November 23 - 23.25 billion dirhams. As part of the strategy to diversify reserves, the Central Bank of the UAE continues to increase the share of gold in its reserves. These gold reserves help to support the stability of the national currency and contribute to strengthening the financial stability of the country," noted a representative of the Central Bank. Experts reported that the growth of gold reserves is linked to the confident strengthening of the UAE economy and the stability of the financial sector. "Increasing the share of gold in reserves means that the country is ready for various economic challenges and does not depend on one or several sources," explained the expert.
