Sunday 03 March 2024
Sunday 03 March 2024
CBUAE: "FATF" Announcement of UAE Completion of the Requirements is a Testament of Concerted National Efforts to Combat Money Laundering and Terrorism Financing
Press Release
Tuesday 06 February 2024
Tuesday 06 February 2024
CBUAE revokes the licence and registration of Smart and Secure Insurance Agent
Press Release
Monday 05 February 2024
Monday 05 February 2024
CBUAE launches the fifth cohort of the Executive Certificate for Risk-Based Supervision Professionals
Press Release
Wednesday 31 January 2024
Wednesday 31 January 2024
CBUAE Maintains the Base Rate at 5.40%
Press Release
Tuesday 30 January 2024
Tuesday 30 January 2024
CBUAE imposes a financial sanction of AED 1.2 million on an insurance company operating in the UAE
Press Release
Monday 29 January 2024
Monday 29 January 2024
Mansour bin Zayed witnesses UAE Central Bank's Golden Jubilee
Press Release
Tuesday 16 January 2024
Tuesday 16 January 2024
Summary Report - Monetary Banking Developments - November 2023
Press Release
Reserve Management
On this Page
Our Reserve Management department manages the UAE’s official foreign exchange reserves, in line with:
- The Central Bank of the UAE Investment and External Fund Management Policies, which are approved by the CBUAE Board of Directors.
- International best practices.
Our Role
The UAE’s official reserves are managed in line with:
- The global standards outlined in the International Monetary Fund’s (IMFs) Guidelines for Foreign Exchange Reserve Management.
The policy objectives in holding the official reserves are to:
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Support confidence in the exchange rate policy.
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Reduce fluctuations arising from the balance of payments and/or the domestic banking system.
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Facilitate foreign currency transactions between government departments and the local banking system.
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Maximise returns at an acceptable level of risk.
External fund management
The External Management & Analytics Team consists of professionals with experience in analysis, selection and oversight of external fund managers. The team is guided by the External Fund Management Policy, as approved by the CBUAE Board of Directors. The rationale in using external fund managers is that specialist external expertise will contribute most effectively to investment returns on a risk-adjusted net-of-fee basis. The CBUAE uses external managers for specialist mandates where internal capacity is not available, or as a peer group for larger internal mandates.
Internal Investment Management
The Internal Investment team consists of professionals experienced in managing the foreign exchange, gold, money and capital market assets held in the official reserves. These assets are invested in global financial markets, in line with the Investment Policy and detailed Investment Guidelines.
Related Statistics
Statistical information on the CBUAE balance sheet assets and foreign assets.
Research and StatisticsFAQs
The official foreign exchange reserves are legally owned by the Central Bank of the UAE and form part of its balance sheet.
The official foreign exchange reserves stand at around $100 billion. The most recent data are found in the monthly statistics section of this website.
The foreign exchange reserves are prudently managed by the Central Bank of the UAE and are invested in accordance with the Investment Policy and External Fund Manager Policy approved by the Board of Directors.
The official reserves are invested in a well-diversified global bond portfolio in all major bond markets and a sizeable portfolio of money market assets. All assets are of investment grade quality and currency risk is fully hedged to the US dollar, as the Dirham is pegged to the US dollar. This ensures the assets are safe and liquid, while also obtaining a good risk-adjusted return.
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Last updated on: Thursday 28 July 2022
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