Friday 26 / April / 2024
Muscat: The Sultanate of Oman's total volume of domestic liquidity rose by 0.9 per cent to reach OMR20.28 billion at the end of November 2022 compared to OMR20.10 billion during the same period at the end of November 2021.
The total cash issued at the end of November 2022 amounted to about OMR1.64 billion registering a decrease of 6.2 per cent compared to the same period at the end of November 2021, which was at OMROMR1.75 billion.
Initial statistics issued by the National Centre for Statistics and Information (NCSI) indicated a decrease in the money supply in the narrow sense, which consists of total cash outside the banking system, by 0.8 per cent, to reach OMR5.62 billion at the end of November 2022, compared to OMR5.67 billion during the same period of 2021.
The NCSI data further shows that the volume of foreign assets of the Central Bank of Oman (CBO) decreased by 16 per cent to reach OMR6,28 billion at the end of November 2022 compared to OMR7.48 billion during the same period in 2021.
Total private sector deposits with commercial banks and Islamic windows in the Sultanate of Oman decreased by 0.1 per cent, to reach OMR17.31 billion at the end of November 2022 compared to OMR17.32 billion during the same period in 2021.
The NCSI data further indicated an increase in total loans and financing in commercial banks and Islamic windows by 5.1 per cent, to reach OMR29.18 billion at the end of November 2022 compared to OMR27.76 billion during the same period in 2021.
The effective exchange rate index for the Omani rial increased by 7.5 per cent to record 114.1 points at the end of November 2022, compared to 106.1 points in the same period in 2021. The average interest rate on loans in Omani riyals decreased from 5.519 per cent at the end of November 2021 to 5.372 per cent at the end of November 2022.
