CBO total foreign assets rose 2.9% by October-end 2019

Muscat: Total foreign assets of the Central Bank of Oman (CBO) rose by 2.9 per cent, reaching OMR6.26 billion compared to the same period of 2018 when it stood at OMR6.08 billion.
The effective exchange rate index of Omani rial fell by 0.4 per cent to 105.2 points at the end of October 2019 compared to 105.6 points in the same period of 2018.
The Sultanate registered a 0.3 per cent fall in narrow money supply (M1) to reach OMR5.03 billion at the end of October 2019. Meanwhile, broad Money Supply (M2) rose by 5.2 per cent to reach OMR17.52 billion during the period as against OMR16.65 billion the previous year, according to data released by the National Centre for Statistics and Information (NCSI).
Private sector deposits in commercial banks and Islamic windows showed a rise of 5.8 per cent at the end of October 2019, reaching OMR15.04 billion against OMR14.22 billion in 2018.
Total loans and financing in commercial banks rose by 3.9 per cent to OMR25.87 billion at the end of October 2019 against OMR24.9 billion in 2018.
The average interest rate on total credit touched 5.5 per cent at the end of October period of 2019, recording a rise of 3.4 per cent in 2019 compared to 5.3 per cent during the same period in 2018.
The total currency issued till the end of October 2019 stood at OMR1.57 billion against OMR1.59 billion issued in 2018, marking a fall of 1.5 per cent, according to NCSI data.