Central Bank's gold up 22.6% over year
Data released by the Central Bank of the UAE showed that the gold holdings rose to AED 35.41 billion at the end of June 2026, marking a 22.6% increase year-on-year compared to the end of June 2025, despite a 6.5% decline during the first half of the year. Additionally, the value of bank transfers in the UAE via the AEFTS system notably increased to AED 2.873 trillion in June, representing a 35.7% rise from May. Conversely, the value of cheque clearing transactions during the first six months of the year reached AED 664.36 billion, with more than 10.9 million cheques issued, and the value of cheque clearing using images exceeding AED 110 billion.
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