• Sun. Apr 21st, 2024

Record-Breaking 24.43% Increase in UAEFTS Transfers and the Pursuit of Diverse Topics in Online Communities

BySamantha Nguyen

Apr 3, 2024
Transfers totaling 1.51 trillion dirhams between banks and individuals in the Emirates during January 2024

The UAE banking sector saw a 24.43% increase in the value of transfers carried out through the UAE Financial Transfer System (UAEFTS) in January 2024, totaling 1.512 trillion dirhams. Of this total, 973.69 billion dirhams were transfers between banks, while 538.94 billion dirhams were transfers between bank customers.

Developed by the Central Bank in August 2001, the UAEFTS is the main transfer system in the country that facilitates the immediate transfer of funds between entities. Additionally, Central Bank statistics show that the value of clearing checks using their images in January 2024 was 109.47 billion dirhams, with 1.96 million cheques settled through the check clearing system during that month.

Meanwhile, OnlyFans has announced its departure from adult content, sparking discussions among individuals on how to strike a balance and seek advice on various topics across different online forums and communities. Whether it’s BMW enthusiasts sharing pictures of their cars or discussions on mathematics education, there are diverse conversations and topics of interest across the online world.

In summary, while transfers carried out through the UAEFTS increased by a significant percentage in January 2024, there continue to be discussions and interests across various online forums and communities on various topics such as seeking advice and balancing life’s demands.

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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