The effective exchange rate index of Omani Rial rose by 0.9% to 106.5 points as of the end of May 2020 compared to 105.5 points in the same period of 2019.
The Sultanate registered an increase in narrow money supply (M1) by 10.6% to reach 5.73 billion Rials at the end of May 2020. Meanwhile, broad Money Supply (M2) rose 10.4% to reach 19.03 billion Rials during the period as against 17.25 billion Rials the previous year, according to data released by the NCSI.
Total foreign assets of the Central Bank of Oman rose 1.5%, reaching 6.29 billion Rials compared to the same period of 2019, when it stood at 6.20 billion Rials.
Private sector deposits in commercial banks and Islamic windows showed a rise of 9.3% as of the end of May 2020, reaching 16.14 billion Rials against 14.77 billion Rials in 2019.
Total loans and financing in commercial banks rose by 3.3% to 26.53 billion Rials at the end of May 2020 against 25.69 billion Rials in 2019.
The average interest rate on total credit fell 0.2% at the end of five-month period of 2020, recording a rise of 5.4% in 2020 compared to the same rate during the comparable period of 2019.
The total currency issued at the end of May 2020 stood at 1.93 billion Rials against 1.80 billion Rials issued in 2019, marking a rise of 7.6%, according to NCSI data.