Domestic liquidity in Oman grows by 5.6% to OMR25.41bn

Muscat: Preliminary data released by the National Centre for Statistics and Information (NCSI) showed that domestic liquidity in the Sultanate of Oman grew by 5.6 percent to reach OMR25.41 billion by the end of June 2025, compared to OMR24.06 billion in the same period in 2024.

The data indicated a 9 percent decline in issued cash, recording OMR1,555,200,000 by the end of June 2025, compared to OMR1,708,200,000 in the same period last year.

Statistics showed that narrow money supply rose by 7.7 percent to reach OMR7.25 billion compared to OMR6.73 billion at the end of June 2024.

On the credit front, total loans and financing granted by commercial banks and Islamic windows amounted to OMR34.69 billion, registering a growth of 8.4 percent compared to the same period last year, which amounted to OMR3.431 billion. Private sector deposits also increased by 6 percent to OMR21.91 billion compared to OMR20.66 billion by the end of June 2024.

Regarding interest rates, the average interest rate on total loans declined by 1.7 percent to 5.487 percent, compared to 5.581 percent. Net foreign assets also rose by 4.4 percent at the end of June 2025, reaching OMR7,302,900,000, compared to OMR6,993,700,000 during the same period last year.

The Omani riyal's effective exchange rate index also rose slightly by 0.6 percent to 119.1 points at the end of June 2025, compared to 118.4 points at the end of June 2024.