CBUAE's April gold reserves surge 12% to $5.5bln

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The apex bank, in its latest figures released on July 15, showed that gold reserves increased by 3.5% on a monthly basis

Staff Writer, TradeArabia

July 17, 2024

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The value of gold reserves of the Central Bank of the UAE (CBUAE) reached AED20.36 billion ($5.54 billion) by the end of April 2024, marking a year-on-year (YoY) growth of around 12% from AED18.147 billion in April 2023, reported Wam.

The apex bank, in its latest figures released on July 15, showed that gold reserves increased by 3.5% on a monthly basis from AED19.615 billion in March 2024, it stated.

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