The money supply in the UAE increases by 3% in November

The money supply in the UAE in November increased 3% year-on-year, according to data from the Central Bank of the Emirates released today, Friday.

On a monthly basis, the rate of increase was very low, as the money supply registered 1,830 trillion dirhams.

As for bank credit, it decreased on an annual basis, but increased by 1.4% compared to October, driven by a 1.7% growth in domestic credit, despite a decline in foreign credit.

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