RO 569.3million increase in domestic liquidity in Sept

MUSCAT: Domestic liquidity at the end of September 2017 increased by RO 569.3 million (3.7 per cent) to RO 16,109 million compared to end of September last year when it was RO 15,539.7 million, according to the latest statistics issued by the National Centre for Statistics and Information (NCSI).

There was a 5.7 per cent growth in credit financing at RO 23078.7 million at the end of September 2017 compared to RO 2,1834.7 million at the end of September 2016.

Private sector deposits grew by 5.6 per cent to RO 13,777.2 million at the end of September 2017 compared to RO 13,048.6 million during the same period last year.

There was a 2.9 per cent decline in currency issued to RO 1,646.9 million at the end of September this year compared to RO 1,695.4 million during the same period of 2016.

Foreign assets of financial institutions declined by 13.2 per cent to RO 6,579.3 million at the end of September compared to RO 7,583 million during the same period in 2016.

Narrow money supply registered a drop of 2.3 per cent to RO 5,037.2 million at the end of September this year compared to RO 5,154 million during the same period in 2016.

There was a 4.2 per cent increase in average interest rates in September this year compared to the same period last year.

The Index of Effective Exchange Rate of Omani Rial declined by 1.1 per cent to RO 101.1 this year compared to RO 102.2 last year, weighed by the imports of the major trade partners of the Sultanate. — ONA