Oman's domestic liquidity rises by RO 1.8 billion
However, the total issued currency in circulation fell by 7.7 per cent, standing at RO 1.540 billion compared to RO 1.669 billion a year earlier. At the same time, the narrow money supply experienced robust growth of 12 per cent, reaching RO 6.977 billion, up from RO 6.231 billion recorded at the end of April 2020.
Private sector deposits at commercial banks and Islamic banking windows increased by 7.1 per cent, totalling RO 21.516 billion, compared to RO 20.866 billion in April 2024.
Additionally, total loans and financing extended by commercial banks and Islamic windows rose by 9 per cent to RO 33.590 billion, up from RO 30.810 billion in the same period last year. Meanwhile, the average interest rate on all loans decreased slightly to 5.555 per cent from 5.604 per cent.
Oman's net foreign assets also grew by 3.2 per cent to RO 6.987 billion, compared to RO 6.773 billion by the end of April 2024. The effective exchange rate index for the Omani Rial remained stable at 118.4 points, indicating currency resilience amid global fluctuations. — ONA
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