Abu Dhabi – Mubasher: the value of transfers made in the banking sector in the country has increased through the Emirates Remittances System.UAEFTS/ for over 10.3 trillion dirhams in the first ten months of last year.
Statistics on banking transactions, issued by the Central Bank, showed that the value of transfers made through the Emirates Remittances System increased on an annual basis by 32.4% in the first ten months of last year, against transfers amounting to around 7.78 trillion dirhams executed during the first ten months of 2021. , according to the Emirates News Agency ‘WAM’.
The transfers made in the first ten months of 2022 were distributed, with 6.3 trillion dirhams, transfers between banks, and 3.998 trillion dirhams, transfers between bank customers.
The month of June accounted for the largest share of the total transfers made during the first 10 months, at 1.162 trillion dirhams, then the month of March, at 1.154 trillion dirhams.
October transfers reached 1.08 trillion dirhams, September 1.1 trillion dirhams, August 1.06 trillion dirhams, July 1.033 trillion dirhams, 1.08 trillion dirhams in April and 884.5 billion dirhams in April, May, 861.8 billion dirhams in February and 864.7 billion dirhams in January 2022.
Central Bank statistics indicated that the value of clearing checks circulated using their copies amounted to 1.017 trillion dirhams, spread across 18.09 million cheques. This was during the first ten months of last year.
June had the largest share of the value of clearing checks traded during the first ten months of last year at AED116.6 billion, then March at AED108.03 billion, around AED103.8 billion in November and 105 .9 billion in September.
August received 103.6 billion dirhams, 97.04 billion dirhams in July, 92.02 billion dirhams in January, 90.6 billion dirhams in February, 98.79 billion dirhams in April and 100 9 billion dirham last May.
Statistics showed that the value of cash deposits at the Central Bank during the first ten months of last year amounted to 162.55 billion dirhams, of which 162.53 billion dirhams in paper currencies and 18.63 million dirhams in coins.
The value of cash withdrawals from the Central Bank amounted to about 166.42 billion dirhams during the first ten months of last year, and included 166.38 billion dirhams in paper currencies and 40.93 million dirhams in coins.
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