The UAE Central Bank announced that money supply M0 (currency in circulation + currency at banks) increased by 2.3%, from AED 46.9 billion (US$12.77 billion) at the end of January 2011 to AED 48.0 billion (US$13.07 billion) at the end of February of the same year. Meanwhile, money supply M1 (currency in circulation plus monetary deposits, i.e. current accounts and call accounts at banks) increased by 2.4%, from AED 236.9 billion to AED 242.7 billion.
� 2011 Al Bawaba (www.albawaba.com)
Source: http://www1.albawaba.com/main-headlines/uae-money-supply-rise
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