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Oman's Sep broad money grows 13.2%  Join our daily free Newsletter

MENAFN - 02/12/2012

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(MENAFN) According to Oman's central bank's data, broad money (M2) jumped by 13.2 percent in September to USD27.827 billion, from USD24.592 billion a year ago, reported Times of Oman.

Moreover, narrow money (M1), which consists of currency held by the public and local currency demand deposits, rose by 9.3 percent on yearly basis to USD9.240 billion.

On the other hand, quasi money (comprising Omani rial savings and time deposits, certificates of deposit issued by commercial banks, margin deposits and foreign currency denominated deposits) grew by 15.2 percent to USD18.587 billion from USD16.133 billion.

Furthermore, the CB's policy rate for injection of liquidity (repo), which stayed the same at 2 percent until February 2012, fell to 1 percent beginning March 2012, and was unchanged through September 2012, compatible with the Libor rate.

Net foreign assets of the banking system (including CBO) climbed 17.2 percent to USD16.082 billion, compared with USD13.727 billion in last year's same month.

Moreover, domestic assets went up by 8.1 percent in September 2012 to USD11.742 billion from USD10.862 billion.

 






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