Domestic liquidity in Oman exceeds 20 billion riyals by the end of June 2021

Domestic liquidity in Oman exceeds 20 billion riyals by the end of June 2021
Domestic liquidity in Oman exceeds 20 billion riyals by the end of June 2021

Mubasher: Preliminary data issued by the National Center for Statistics and Information in the Sultanate of Oman indicated today, Saturday, that the total local liquidity amounted to 20 billion and 110 million and 900 thousand Omani riyals by the end of June 2021, an increase of 6.8 percent, on an annual basis.

The center stated that the total issued cash amounted to one billion and 768 million and 500 thousand riyals at the end of last June, a decrease of 3.6 percent, compared to the same period in 2020, which witnessed cash issued at one billion and 834 million riyals, according to the Oman News Agency.

The money supply in its narrow sense, which consists of total cash outside the banking system in addition to current accounts and demand deposits in local currency, increased by 4.8 percent to reach 5 billion and 841 million or 400 thousand riyals, compared to 5 billion and 574 million and 500 thousand riyals at the end of June 2020.

The total foreign assets of the Central Bank of Oman increased by 1.6 percent, recording at the end of June 2021, a value of 6 billion and 735 million and 800,000 riyals, compared to the end of June 2020, when foreign assets amounted to 6 billion and 630 million and 400 thousand riyals.

The private sector deposits in commercial banks and Islamic windows at the end of last June amounted to 17 billion and 356 million and 700 thousand riyals, an increase of 6.5 percent over the same period in 2020, amounting to 16 billion and 302 million and 600 thousand riyals.

The total loans and financing of commercial banks and Islamic windows increased by the end of June 2021 by 3.8 percent, to reach 27 billion and 309 million and 500 thousand riyals, compared to 26 billion and 320 million and 700 thousand riyals.

Meanwhile, the average interest rate on total loans increased by 2.3 percent to reach 5.5 percent at the end of last June, and the effective exchange rate index for the Omani riyal decreased by 2 percent, recording 104 points, compared to 106.1 points at the end of June 2020.

 
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