UAE foreign assets dropped in October to Dhs269bn

January 29, 2014 12:00 am

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.