Saturday 30 / November / 2024
Muscat: The effective exchange rate index of Omani rial rose by 0.8 per cent to 105.8 points as of the end of November 2019 compared to 105 points in the same period of 2018, indicating the currency has enhanced purchasing power.
The Sultanate registered a 3.3 per cent fall in narrow money supply (M1) to reach OMR5.04 billion by the end of November 2019.
Meanwhile, broad Money Supply (M2) rose 3.1 per cent to reach OMR17.41 billion during the period as against OMR16.89 billion the previous year, according to data released by the National Centre for Statistics and Information (NCSI).
Total foreign assets of the Central Bank of Oman rose by 1.6 per cent, reaching OMR6.16 billion compared to the same period of 2018, which stood at OMR6.06 billion.
Private sector deposits in commercial banks and Islamic windows showed a rise of 2.3 per cent as of the end of November 2019, reaching OMR14.84 billion against OMR14.52 billion in 2018.
The average interest rate on total credit touched 3.4 per cent at the end of the 11 months of 2019, recording a rise of 5.5 per cent in 2019 compared to 5.3 per cent during the same period in 2018.
The total currency issued till the end of November 2019 stood at OMR1.63 billion against OMR1.60 billion issued in 2018, marking a rise of 1.9 per cent, according to NCSI data.
