Kahskhq

Only available on StudyMode
  • Download(s) : 98
  • Published : January 23, 2013
Open Document
Text Preview
2011

CENTRAL BANK OF THE UNITED ARAB EMIRATES
BOARD OF DIRECTORS CHAIRMAN H.E Khalil Mohammed Sharif Foulathi, Foulathi, Deputy Chairman H.E Khalid Juma Al Majid Governor H.E Sultan Bin Nasser Al Suwaidi Deputy Governor H.E Mohamed Ali Bin Zayed Al Falasi Members H.E. Younis Haji Khoori H.E. Mubarak Rashid Al Mansouri H.E. Khalid Ahmed Al Tayer H.E. Khalid Mohammed Salem Balama Head Office P.O. Box 854, Abu Dhabi Telephone +9712 6652220 Telex 23316 MARKZI EM 22566 MARKZI EM 22396 MARKZI EM Fax +9712 - 6652504 Website: www.centralbank.ae Research & Statistics Department P. O Box 645 - Sharjah - Tel: 06-5592592 - Fax: 06-5595300 E-mail: rsdbuae@emirates.net.ae

Branches
Dubai Branch P. O. Box 448 Dubai Telephone : 04-3939777 Telex: 45645 MARKZI EM Fax: 04-3939933 / 04-3937802 Ras Al Khaimah Branch P. O. Box 5000 Ras Al Khaimah Telephone :07-2284444 Fax: 07-2284646 Fujairah Branch P. O. Box 768 Fujairah Telephone :09-2224040 Telex: 89056 MARKZI EM Fax: 09-2226805 Sharjah Branch P. O. Box 645 Sharjah Telephone : 06-5592592 Telex: 68078 MARKZI EM Fax : 06-5593977 / 06-5593099 Al Ain Branch P.O. Box 1414 Al Ain Telephone : 03-7656656 Telex :34074 MARKZI EM Fax : 03-7664777

CONTENTS Chapter One: Chapter Two: International Economic Trends................................................ Monetary & Financial Markets Developments in the UAE 1- Monetary Developments ……………………………………. 2- UAE Financial Markets …………………………………….. Chapter Three: The Balance of Payments 1- An Outlook of the UAE Balance of Payments ……………... 2- The UAE Balance of Payments (2010-2011) ………............. Chapter Four: Central Bank Financial Position 1- Central Bank Balance Sheet …………………..…………….. 2- Earnings for the Year ………………….……………………. 3- Central Bank Financial Results ……………………………... Chapter Five: Currency Issue 1- Currency Notes ……………………………………………... 2- Currency Coins ……………………………………………... 3- New Issues During 2011…………………………………….. 3-1 Currency Issues……………………………………. …… 3-2 Commemorative Coins………………………………….. Chapter Six: Organization of the Banking & Financial Sector 1- Organization of Banking ……………………………………. 2- Finance & Investment Companies …..……………................ A - Finance Companies…………………………………….. B - Investment Companies…………………………………. 3- Banking System Developments .……………………… 4- Representative Offices of Foreign Banks…………………... 5- Moneychangers …………………………………………....... Statistical Supplement

Page 3

6 7

9 10-11

13 14 15

17 17 17 17 17

19 20 20 20 21 24 24

1

Contents (Cont'd)
Note: Data is as at end of period unless otherwise indicated.

Abbreviations & Notations UAE Dirham ( 1 US Dollar = 3.6725 Dirhams ) Local Currency Foreign Currency AED LCY FCY

2

CHAPTER ONE INTERNATIONAL ECONOMIC TRENDS

3

After growing by 5.3% in 2010, the world economy slowed down to grow at 3.9% in 2011. Within the group of major industrial countries, the rate of growth reached 3.1% in Germany, 1.7% in the USA, 1.7% in France, and 0.7% in the United Kingdom. In Japan, however, growth was negative, reaching -0.7% in 2011. At the regional level, the rate of economic growth in 2011 reached 1.4% in the Euro Area and 6.2% in the group of Emerging and Developing Economies (5.3% in Central and Eastern Europe, 4.5% in Latin America and the Caribbean, and 3.5% in the Middle East and North Africa). In the group of Developing Asia, China and India recorded in 2011 an economic growth of 9.2% and 7.2%, respectively. And in the group of Commonwealth of Independent States, Russia recorded an economic growth of 4.9%. The inflation rate increased within the group of Advanced Economies from 1.5% in 2010 to 2.7% in 2011: 4.5% in the United Kingdom, 3.1% in the USA, 2.5% in Germany, and 2.3% in France; in Japan inflation was slightly negative at -0.3%. In Emerging and Developing economies, inflation increased from 6.1% to 7.1% (5.4% in China and 8.6% in India), while Russia recorded an inflation rate of 8.4%. The volume of world trade volume in goods and...
tracking img