The money transfer system operated by the Central Bank of the UAE has surpassed 20 trillion dirhams in transactions during the first ten months of 2025.
According to data from the Central Bank, the transfer volume for this period was higher by 4 trillion dirhams, reflecting a growth rate of 25% compared to the total transfers made in the same period of 2024, which amounted to 16 trillion dirhams.
Statistics revealed that interbank transfers dominated, constituting 60% of the total transactions during this timeframe, totaling over 12 trillion dirhams. This segment recorded a growth of 19%, with an increase of approximately 1.9 trillion dirhams compared to the same period last year, which had total transfers of 10.1 trillion dirhams.
On the other hand, individual transfers accounted for 40% of the total, amounting to 8 trillion dirhams, marking a 33% increase from the 6 trillion dirhams recorded during the same period in 2024.
Additionally, indicators from the Central Bank show that the banking sector processed over 19 million checks throughout the ten months, with a total value exceeding 1.2 trillion dirhams.