During the first eight months of 2025, money transfers through the UAE Central Bank’s remittance system surpassed 15.5 trillion dirhams.
According to data from the Central Bank, this amount reflects an increase of 2.8 trillion dirhams and a growth rate of 22% compared to the total transfers recorded during the same period in 2024, which stood at 12.7 trillion dirhams.
The data reveals that interbank transfers accounted for the majority, representing 60% of the total, with a value nearing 9.27 trillion dirhams. This segment experienced a growth of 15%, adding over 1.2 trillion dirhams compared to the previous year, when interbank transfers totaled 8 trillion dirhams.
On the other hand, individual transfers made up 40% of the total, amounting to approximately 6.23 trillion dirhams, also exhibiting a growth of 32% compared to the same time frame in 2024, when they totaled 4.7 trillion dirhams.
Additionally, the Central Bank indicated that the banking sector processed over 15.1 million cheques in the past seven months, with a total value approaching 952.7 billion dirhams.