UAE Central Bank announces statistics of UAESWITCH

posted on 12/01/2012: 108 views

Central Bank of the UAE announced that the statistics of the UAESWITCH for the 4th quarter of 2011 have shown an increase in number and value of financial transactions, carried-out electronically through the UAESWITCH.

The total number of financial transactions has increased to 19.441 million financial transactions in the said quarter, compared to 18.231 million transactions in the 3rd quarter of 2011, i.e. an increase of 6.63 percent .

Also, the total value of financial transactions increased to Dh21.429 billion in the 4th quarter of 2011, compared to Dh20.427 billion in the 3rd quarter of 2011, i.e. an increase of 4.90 percent.

As for the total number and value of financial transactions carried-out through connection of the UAESWITCH to the GCC Switches, the total number of such financial transactions decreased to 867 thousand transactions in the 4th quarter of 2011, compared to 940 thousand transactions in the 3rd quarter of 2011, i.e. a decrease of 7.76 percent. The total value of the financial transactions, also, decreased to Dh1.178 billion in the 4th quarter of 2011, compared to Dh1.237 billion in the 3rd quarter of 2011, i.e. a decrease of 4.77 percent. - Emirates News Agency, WAM

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