Omani rial index rate rises 1.6 per cent
Published: 04:08 PM,Aug 27,2023 | EDITED : 08:08 PM,Aug 27,2023
MUSCAT: The actual exchange rate index for the Omani rial increased by the end of June 2023 by 1.6 per cent, recording 115.3 points, compared to 113.5 points at the end of June 2022, according to preliminary statistics issued by the National Center for Statistics and Information (NCSI).
The total foreign assets of the Central Bank of Oman increased by 3 per cent by end-June, to reach of RO 6.586 billion, compared to the same period in 2022, which amounted to RO 6.392 billion.
The statistics indicated that the domestic liquidity amounted to RO 21.479 billion at the end of June 2023, an increase of 3.4 per cent compared to the same period in 2022.
The total cash issued increased by 1.9 per cent, to reach about RO 1.765 billion at the end of June 2023, compared to RO 1.733 billion.
The money supply in its narrow sense, which consists of total cash outside the banking system, in addition to current accounts and demand deposits in local currency, decreased by 4.6 per cent, recording RO 5.786 billion, compared to RO 6.065 billion during the same period last year.
On the other hand, private sector deposits in commercial banks and Islamic windows at the end of last June amounted to about RO 17.999 billion, an increase of 2.7 per cent compared to the same period of 2022, which amounted to RO 17.524 billion.
Total loans and financing in commercial banks and Islamic windows increased by the end of last June, by 6.5 per cent, to reach RO 30.272 billion, compared to RO 28.416 billion in the same period last year, while the average interest rate on total loans decreased by 1.2 per cent, to reach 5.435 per cent at the end of June. — ONA
The total foreign assets of the Central Bank of Oman increased by 3 per cent by end-June, to reach of RO 6.586 billion, compared to the same period in 2022, which amounted to RO 6.392 billion.
The statistics indicated that the domestic liquidity amounted to RO 21.479 billion at the end of June 2023, an increase of 3.4 per cent compared to the same period in 2022.
The total cash issued increased by 1.9 per cent, to reach about RO 1.765 billion at the end of June 2023, compared to RO 1.733 billion.
The money supply in its narrow sense, which consists of total cash outside the banking system, in addition to current accounts and demand deposits in local currency, decreased by 4.6 per cent, recording RO 5.786 billion, compared to RO 6.065 billion during the same period last year.
On the other hand, private sector deposits in commercial banks and Islamic windows at the end of last June amounted to about RO 17.999 billion, an increase of 2.7 per cent compared to the same period of 2022, which amounted to RO 17.524 billion.
Total loans and financing in commercial banks and Islamic windows increased by the end of last June, by 6.5 per cent, to reach RO 30.272 billion, compared to RO 28.416 billion in the same period last year, while the average interest rate on total loans decreased by 1.2 per cent, to reach 5.435 per cent at the end of June. — ONA