The total domestic liquidity in the Sultanate of Oman increased by 2 per cent by the end of July 2022 to stand at RO20,358.6mn compared to RO19,955.4mn in the same period in 2021, according to the latest data issued by the National Centre for Statistics and Information (NCSI).

The total foreign assets of the Central Bank of Oman (CBO) decreased by 18.7 per cent, reaching RO5,382.7mn by the end of July 2022 compared to RO6,618.2mn by the end of the corresponding period in 2021.

Narrow Money Supply (M1) rose by 1.5 per cent to reach RO5,898.9mn compared to RO5,811.7mn during the same period in 2021.

The private sector deposits with commercial banks and Islamic windows declined by 0.4 per cent by the end of July 2022, reaching RO17,066.4mn compared to RO17,140.6mn during the same period in 2021.

Total loans and financing in commercial banks and Islamic windows went up by 2.1 per cent to stand at RO27,860.4mn by the end of July 2022, when compared with RO27,292mn during the same period in 2021.

The effective exchange rate index of the Omani Rial increased by 9.5 per cent to reach 113.8 points compared to 103.9 points by the end of the same period in 2021.

Meanwhile, the total issue currency by the end of July 2022 dropped by 7.3 per cent to reach RO1,693mn compared to RO1,826.1mn by the end of July 2021.