Oman’s domestic liquidity exceeds OMR20 billion by July

Muscat: The total domestic liquidity increased by two per cent at the end of July 2022 to stand at OMR20.35 million compared to OMR19.95 million at the end of July 2021, according to the latest data issued by the National Centre for Statistics and Information (NCSI).

The total foreign assets of the Central Bank of Oman (CBO) decreased by 18.7 per cent, reaching OMR5.38 million at the end of July 2022 compared to OMR6.61 million at the end of the corresponding period in 2021.

Narrow Money Supply (M1) rose by 1.5 per cent to reach OMR5.89 million compared to OMR5.81 million during the same period in 2021.

The private sector deposits with commercial banks and Islamic windows declined by 0.4 per cent at the end of July 2022, reaching OMR17.06 million compared to OMR17.14 million during the same period in 2021.

Total loans and financing in commercial banks and Islamic windows went up by 2.1 per cent to stand at OMR27.86 million at the end of July 2022 compared to OMR27.29 million during the same period in 2021.

The effective exchange rate index of the Omani Rial increased by 9.5 per cent to reach 113.8 points compared to 103.9 points by the end of the same period in 2021.

Meanwhile, the total issue currency at the end of July 2022 dropped by 7.3 per cent to reach OMR1.69 million compared to OMR1.82 million at the end of July 2021.