The Central Bank of the UAE (CBUAE) announced that its gold reserves reached AED 20.619B by the close of May 2024.
This represents a 19.7 percent increase compared to AED17.219 B in May 2023.
The CBUAE’s Monthly Statistical Bulletin – Banking & Monetary Statistics for May 2024, published today, indicated a 1.3 percent month-on-month rise in gold reserves from AED 20.36B in April 2024.
The UAE’s gold reserves have experienced significant growth in recent years.
The central bank’s holdings were AED 12.862B at the end of 2020, up from AED 4.44B at the end of 2019. In 2018, the reserves were valued at AED 1.134B.
