Actual Exchange Rate of Omani Rial Rise by 2.7%


Muscat: The actual exchange rate index of the Omani Rial stabilized at 116.8 points at the end of March 2024, constituting a rise by 2.7%, according to the statistics issued by the National Centre for Statistics and Information (NCSI).

Initial data issued by the NCSI showed that broad money supply (M2) by the end of March 2024 stood at RO 24,242.1 million, constituting an increase of 15.2% compared to the corresponding period in 2023.

Narrow money supply (M1), which consists of total cash outside the banking system in addition to current accounts and demand deposits in local currency, increased by 9.2% to RO 6,583.8 million, compared to RO 6,027.1 million at the end of March 2023.

Total foreign assets at the Central Bank of Oman (CBO) rose by 3.4% to RO 6,699.6 million by the end of March 2024, compared to the corresponding period in 2023, when it stood at RO 6,476.5 million.

Meanwhile, private sector deposits in commercial banks and Islamic windows at the end of March 2024 stood at RO 20,152.5 million, up by 13.7% compared to the corresponding period in 2023 (when it was worth RO 17,731.8 million).

Total loans and financing in commercial banks and Islamic windows grew by 2.9% by the end of March 2024 to RO 30,762.5 million, compared to RO 29,899.1 million.

The average interest rate on total loans increased 3.4% at the end of March 2024 by 5.563%.   – ONA

more recommended stories

Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.