MUSCAT: The actual exchange rate index of Omani rial rose by 5 per cent by the end of March 2023, registering 113.7 points compared to 108.3 points by the end of March 2022, according to statistics released by the National Centre for Statistics and Information (NCSI).
Local liquidity increased by about 503 million RO 21,052,600,000, an increase of 2.4 per cent.
Total source cash fell by 5.2 per cent to reach RO 1,632,400,000 by the end of March compared to RO 1,722,100,000 by the end of March 2022.
Cash supply in a narrow sense consisting of total cash outside the banking system, as well as current accounts and on-demand deposits in local currency rose by 0.3 per cent to RO 6,027,100,000 compared to RO 6,007,200,000 by the end of March 2022.
On the other hand, the total foreign assets of the Central Bank of Oman fell by 10.7 per cent to reach a value of RO 6,476,500,000 by the end of March compared to the same period last year of RO 7,251,700,000.
Private sector deposits in commercial banks and Islamic windows at the end of March amounted to about RO 17,731,800,000 marking a 1.4 per cent rise compared to the same period in 2022 with RO 17,491,800,000.
Total loans and financing for commercial banks and Islamic windows increased by 6.9 per cent by the end of March to RO 29,899,100,000 compared to RO 27,956,500,000, while the average interest rate for total loans fell by 1.9 per cent as at the end of March 2023. — ONA
Oman Observer is now on the WhatsApp channel. Click here
