Tuesday 29 / April / 2025
Muscat: Oman’s domestic liquidity increased by 4 percent. stood to reach OMR21.68 billion at end of September 2023 compared to the same period in 2022, according to the statistics issued by the National Centre for Statistics and Information (NCSI).
The preliminary data issued by the NCSI showed that the total cash issued increased by 0.7 percent to OMR1.617 billion at end of September 2023 compared to OMR1. 60 billion at end of September 2022.
The narrow money supply (M1) decreased by 2.9 percent to OMR5. 67 billion at he end of September 2023 compared to OMR5.841 billion at end of September 2022. The total foreign assets with the Central Bank of Oman (CBO) fell by 0.7 percent to OMR6. 20 billion by September 2023 compared to OMR6.24 billion by end of September 2022.
The deposits of the private sector with the commercial banks and Islamic outlets reached OMR 18.38 billion by end of September 2023. This an increase of 6.3 percent compared to the same period in 2022, when the deposits stood at OMR17. 30 billion.
The total loans and finance by commercial banks and Islamic outlets increased by 5.7 percent to OMR30. 43 billion by end of September 2023 compared to OMR28.78 billion in the same of period of 2022. The average interest on the total loans increased by 0.7 percent to 5.452 percent by end of September 2023.
