By Desmond Nleya
The Central Bank of the United Arab Emirates (CBUAE) has announced a significant 32 percent surge in its gold reserves during the first eight months of 2025, surpassing the AED30 billion mark for the first time in the country’s history.
According to the bank’s latest statistical bulletin, gold holdings climbed to AED30.329 billion by the end of August, up from AED22.981 billion at the close of December 2024. The reserves recorded a further 4.5 percent increase in August alone, rising from AED28.997 billion in July.
The latest data highlights the UAE’s growing financial resilience, with the central bank steadily diversifying its assets in response to global economic uncertainty. In addition to the surge in gold holdings, demand deposits also grew strongly—reaching AED1.188 trillion by the end of August, compared to AED1.109 trillion at the end of 2024.
Of this total, AED892.273 billion were held in local currency, while AED296.137 billion were in foreign currencies. Savings deposits rose notably to AED376.479 billion, reflecting increased liquidity in the banking sector. Time deposits exceeded AED1.05 trillion, with the majority—AED664.669 billion—denominated in dirhams.
The consistent growth across gold reserves, deposits, and savings underscores the UAE’s strong monetary position and reinforces investor confidence in its financial system.
Source: Emirates News Agency
