• Oman

    • Foreign Assets at Central Bank of Oman Rise in 2023

    By on March 9, 2024
    OMR
    OMR

    Muscat: Statistics issued by the National Centre for Statistics and Information (NCSI) show that the total foreign assets at the Central Bank of Oman (CBO) rose by 0.1% to RO 6,734.1 million by at the end of 2023, compared to the corresponding period in 2022, when it was RO 6,727.5 million.

    On the other hand, the Narrow money supply (M1), which consists of the total cash outside the banking system in addition to current accounts and demand deposits in the local currency, increased by 6.6%, recording RO 5,981.1 million, compared to RO 5,611.5 million, at the end of 2022.

    Initial data issued by the NCSI showed that broad money supply(M2)at the end of 2023 stood at RO 23,001.8 million, an increase of 13.1% compared to the corresponding period in 2022.

    Narrow money supply, which consists of total cash outside the banking system in addition to current accounts and demand deposits in local currency, increased by 6.6% to RO 5,981.1 million, compared to RO 5,611.5 million at the end of 2022.

    Meanwhile, private sector deposits in commercial banks and Islamic windows at the end of 2023 stood at RO 19,205.1 million, up by 10.6% compared to the corresponding period in 2022 (RO 17,360 million).

    Total loans and financing in commercial banks and Islamic windows grew by 4.3% at the end of 2023 to RO 30,475.6 million, compared to RO 29,223.2 million.

    The average interest rate on total credit increased 2.5% at the end of 2023 by 5.513%, while the actual exchange rate index of the Omani Rial stabilized at 114.3 points at the end of 2023.

    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.