Oman’s domestic liquidity tops OMR20mn
Muscat: The total foreign assets of the Central Bank of Oman (CBO) decreased by 12.8 per cent, reaching OMR6,221 million by the end of October 2022 compared to OMR7,137.4 million by the end of August 2021, according to data released by the National Centre for Statistics and Information (NCSI).
The total local liquidity rose by 0.2 per cent to stand at OMR20,024 million compared to OMR19,979.4 million during the corresponding period in 2021.
Narrow Money Supply (M1) declined by 1 per cent to reach OMR5,583.6 million compared to OMR5,640.9 million during the same period in 2021.
The private sector deposits with commercial banks and Islamic windows showed a rise by 0.2 per cent by the end of October 2022, reaching OMR17,137.4 million compared to OMR17,104.6 million during the corresponding period in 2021.
Total loans and financing in commercial banks went up by 4.1 per cent to OMR28,913.9 million by October 2022 compared to OMR27,766.5 million during the same period in 2021.
The effective exchange rate index of the Omani Rial increased by 12.1 per cent to 118.2 points compared to 105.4 points during the corresponding period in 2021.
The total currency issued by the end of October 2022 dropped by 5.7 per cent to stand at OMR1,614.6 million compared to OMR1,712.4 million by the end of October 2021.