Cash flow increases by AED5.1 billion in H1
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Abu Dhabi - Musimchronicle
The cash flow circulating on the UAE market by UAE nationals and residents, including individuals and corporations alike, gained AED5.1 billion during H1 2017, bringing to AED67.4 billion the money supply circulating outside the banking sector by the end of June, according to UAE Central Bank statistics.
On a YOY basis, the liquidity available outside banks increased 4.7 percent from June 2016 through June 2017, translating a growing demand for cash to meet basic needs.
An analysis conducted by WAM showed that the monthly level of money supply outside banks significantly increased by the end of 2016 until March 2017 from AED62.3 billion to AED65.4 billion.
From April through May 2017, the cash flow was up by AED2 billion, from AED65.2 billion to AED67.2 billion, and kept its rising streak to hit AED67.4 billion by the end of June.
According to UAE Central Bank statistics, the outside-bank liquidity accounted for 13.3 percent of the money supply by end of June.
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