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UAE bank deposits decrease in August

According to the UAE central bank, deposits with banks operating in the country have dropped by more than Dhs35bn in August, the biggest monthly decline in several years, Emirates 24-7 has reported. The consolidated deposits with the 51 banks plunged to around Dhs1.08trn at the end of August from about Dhs1.1trn at the end of July, the central bank said.