Muscat: Total loans and financing in commercial banks of Oman rosde by 4.5 per cent to reach OMR28.30 billion at the end of May 2022 compared to OMR27.08 billion during the same period in 2021. The average interest rate on total credit declined by 0.1 per cent according to the latest data issued by the National Centre for Statistics and Information (NCSI).
The effective exchange rate index of the Omani Rial rose by 8.3 per cent to 111 points compared to 102.5 points at the end of the same period in 2021. The total currency issued by the end of May 2022 reached OMR1,721.9 million compared to OMR1,836.6 million at the end of the same period in 2021, comprising a drop by 6.2 per cent.
The total foreign assets at the Central Bank of Oman (CBO) decreased by 3.5 per cent at the end of May 2022 reaching OMR6,705.7 million compared to OMR6,945.9 million at the end of May 2021.
Broad Money Supply (M2) rose by 0.5 per cent to reach OMR20,379.1 million compared to the same period in 2021 when the reported M2 stood at OMR20,279 million.
Narrow Money Supply (M1) declined by 0.4 per cent to reach OMR5,783.1 million compared to OMR5,803.6 million during the same period in 2021.
The private sector’s deposits in commercial banks and Islamic windows in the Sultanate of Oman fell by one per cent to reach OMR17,155.7 million at the end of May 2022 compared to OMR17,336.6 million during the same period in 2021.
