Tuesday 26 / November / 2024
Muscat: The effective exchange rate index of the Omani Rial fell by 2 per cent to 104 points as of the end of September 2020 compared to 106.1 points in the same period of 2019.
The Sultanate registered an increase in narrow money supply (M1) by 13.4 per cent to reach OMR 5.71 billion at the end of September 2020. Meanwhile, Broad Money Supply (M2) rose 11 per cent to reach OMR 19.30 billion during the period as against OMR 17.39 billion the previous year, according to data released by the National Centre for Statistics and Information (NCSI).
Total foreign assets of the Central Bank of Oman fell 1.4 per cent, reaching OMR 6.53 billion compared to the same period of 2019, when it stood at OMR 6.63 billion.
Total loans and financing in commercial banks rose by 2.1 per cent to OMR 26.40 billion at the end of September 2020 against OMR 25.85 billion in 2019.
Private sector deposits in commercial banks and Islamic windows showed a rise of 9.5 per cent as of the end of September 2020, reaching OMR 16.40 billion against 14.97 billion Rials in 2019.
The average interest rate on total credit rose 2.1 per cent at the end of 9-month period of 2020, recording a rise of 5.5 per cent in 2020 compared to the same rate during the comparable period of 2019.
The total currency issued at the end of September 2020 stood at OMR 1.79 billion against OMR 1.57 billion issued in 2019, marking a rise of 13.6 per cent, according to NCSI data.
