CBUAE issues monetary and banking developments - December 2023

The Central Bank of the UAE (CBUAE) announced that the Money Supply aggregate M1 increased by 4.0 percent, from AED797.4 billion at the end of November 2023 to AED829.3 billion at the end of December 2023. This was due to the AED1.9 billion rise in Currency in Circulation Outside Banks and the AED3