Transfers totaling 1.51 trillion dirhams between banks and individuals in the Emirates during January 2024

UAE Banks Witness Significant Increase in Transfers through UAEFTS in January 2024; Central Bank Stats Show Over 1.5 Trillion Dirhams in Transfers, with 1.96 Million Cheques Settled through Check Clearing System

The UAE banking sector experienced a significant increase in transfers carried out through the UAE Financial Transfer System (UAEFTS) in January 2024. According to the latest Central Bank statistics, transfers totaled 1.512 trillion dirhams, with an impressive growth of 24.43% compared to January 2023.

Out of this total, 973.69 billion dirhams were transfers between banks, while 538.94 billion dirhams were transfers between bank customers. This shows that the UAEFTS is still the main transfer system in the country and facilitates immediate transfers of funds between entities.

Meanwhile, Central Bank statistics also reveal that the value of clearing checks using their images in January 2024 was 109.47 billion dirhams, with a staggering number of cheques settled through their check clearing system during that month – approximately 1.96 million cheques were settled.

As for other news, OnlyFans has recently announced its departure from adult content, sparking discussions among individuals about striking a balance and discussing various topics on online forums and communities. From BMW enthusiasts sharing pictures of their cars to discussions on mathematics education and everything in between, it’s clear that the online world is full of diverse conversations and interests.

In summary, the UAE banking sector saw an impressive increase in transfers carried out through the UAEFTS in January 2024, while Central Bank statistics show that clearing checks using images reached over $100 billion dirhams with millions of cheques settled through their check clearing system during that month.

Moreover, recent news about OnlyFans’ decision to depart from adult content has sparked discussions among individuals regarding striking a balance and discussing various topics on online forums and communities ranging from BMW enthusiasts sharing pictures of their cars to discussions on mathematics education.

Overall, it’s evident that there is a diverse range of conversations happening online across different communities and interests, making it an exciting space for people to connect and share information and opinions alike.

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