Monday 30 / June / 2025
Muscat: Statistics issued by the National Centre for Statistics and Information (NCSI) show that the total foreign assets at the Central Bank of Oman (CBO) rose by 0.1 per cent to OMR6,734.1 million at the end of 2023, compared to the corresponding period in 2022, when it was OMR6,727.5 million.
On the other hand, the narrow money supply (M1), which consists of the total cash outside the banking system in addition to current accounts and demand deposits in the local currency, increased by 6.6 per cent, recording OMR5,981.1 million, compared to OMR5,611.5 million, at the end of 2022.
Initial data issued by the NCSI showed that the broad money supply (M2) at the end of 2023 stood at OMR23,001.8 million, an increase of 13.1 per cent compared to the corresponding period in 2022.
Narrow money supply, which consists of total cash outside the banking system in addition to current accounts and demand deposits in local currency, increased by 6.6 per cent to OMR5,981.1 million, compared to OMR5,611.5 million at the end of 2022.
Meanwhile, private sector deposits in commercial banks and Islamic windows at the end of 2023 stood at OMR19,205.1 million, up by 10.6 per cent compared to the corresponding period in 2022 (OMR17,360 million).
Total loans and financing in commercial banks and Islamic windows grew by 4.3 per cent at the end of 2023 to OMR30,475.6 million, compared to OMR29,223.2 million.
The average interest rate on total credit increased by 2.5 per cent at the end of 2023 by 5.513 per cent, while the actual exchange rate index of the Omani Rial stabilised at 114.3 points at the end of 2023.
