The UAE’s Central Bank announced that money supply M0 (currency in circulation + currency at banks) decreased by 2.1 percent. from AED 53.2 billion at the end of November 2011 to AED 52.1 billion at the end of December of the same year.
Money supply aggregate M1 (currency in circulation plus monetary deposits, i.e., current accounts and call accounts at banks) decreased by 0.2 percent, from AED 264.6 billion at the end of November to AED 264.1 billion at the end of December of 2011.
Money supply aggregate, M3 (M2 plus government deposits at bank operating in the UAE as well as at the Central Bank) decreased by 0.8 percent, from AED 1,009.8 billion at the end of November to AED 1,001.4 billion at the end of December 2011.
Total Bank deposits increased by 1.5 percent during the month of December 2011 to close at AED 1,069.7 billion. Meanwhile, total bank loans and advances (net of provisions and interest in suspense) decreased by 0.3 percent to reach AED 1,071.0 billion and total bank assets decreased by 0.6 percent to reach AED 1,662.1 billion, at the end of December 2011.
During the year 2011, intermediary monetary aggregate M2 increased by 5.0 percent, while bank loans and advances increased by 3.8 percent and bank deposits by 1.9 percent .
