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UAE foreign assets dropped in October to Dhs269bn

: Wednesday, January 29 - 2014 @ 00:00

According to figures released by the UAE central bank, the apex lender’s foreign currency assets fell to Dhs269bn ($73.2bn) in October from Dhs284.3bn in the previous month, which was their highest level since 2007, Reuters has reported. The fall, the largest since at least 2009, was due to a drop in deposits to a 10-month low of Dhs79.3bn, despite a rise of foreign securities holdings to a record high of Dhs149bn, the figures showed.

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Wednesday, January 29- 2014 @ 0:00 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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