Central Bank of Oman’s foreign assets witness growth in 2023

Central Bank of Oman’s foreign assets witness growth in 2023

Statistics issued by the National Centre for Statistics and Information (NCSI) show that the total foreign assets at the Central Bank of Oman (CBO) rose by 0.1 percent to RO 6,734.1 million by at the end of 2023, compared to the corresponding period in 2022, when it was RO 6,727.5 million.

The post Central Bank of Oman’s foreign assets witness growth in 2023 appeared first on The Arabian Stories News.Muscat – Conversely, the narrow money supply (M1), which consists of the total cash outside the banking system in addition to current accounts and demand deposits in the local currency, increased by 6.6 percent, recording RO 5,981.1 million, compared to RO 5,611.5 million, at the end of 2022.Initial data issued by the NCSI showed that broad money supply (M2)at the end of 2023 stood at RO 23,001.8 million, an increase of 13.1 percent compared to the corresponding period in 2022.Narrow money supply, which consists of total cash outside the banking system in addition to current accounts and demand deposits in local currency, increased by 6.6% to RO 5,981.1 million, compared to RO 5,611.5 million at the end of 2022.Meanwhile, private sector deposits in commercial banks and Islamic windows at the end of