UAE Central Bank Reports 22% Annual Growth In Quasi-Cash Deposits To $293B In July

This post was originally published on Forbes Middle East

The Central Bank of the UAE (CBUAE) has revealed that quasi-cash deposits grew by 22% year-on-year in July to $293.2 billion (AED 1.1 trillion), compared to $241.1 billion (AED 885.4 billion) in the same month last year.