The effective exchange rate index of Omani Rial rose by 2.1% to 105.8 points as of the end of August 2019 compared to 103.6 points in the same period of 2018, indicating the currency has enhanced purchasing power.
The Sultanate registered a 0.4% fall in narrow money supply (M1) to reach 5.1 billion Rial by the end of August 2019. Meanwhile, broad Money Supply (M2) rose 4.5% to reach 17.2 billion Rial during the period as against 16.5 billion Rials the previous year, according to data released by the NCSI.
Total foreign assets of the Central Bank of Oman rose by 22.8%, reaching 6.86 billion Rials compared to the same period of 2018, when it stood at 5.59 billion Rials.
Private sector deposits in commercial banks and Islamic windows showed a rise of 5.6% as of the end of August 2019, reaching 14.9 billion Rials against 14.1 billion Rials in 2018.
Total loans and financing in commercial banks rose by 4.3% to 25.7 billion Rials by the end of August 2019 against 24.6 billion Rials in 2018.
The average interest rate on total credit touched 5.34% at the end of eight-month period of 2019, recording a rise of 2.2% in 2019 compared to 5.2% during the same period in 2018.
The total currency issued till the end of August 2019 stood at 1.62 billion Rials against 1.72 billion Rials issued in 2018, marking decrease of 6%, according to NCSI data.