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FINANCIAL NEWS
Oman money supply growth accelerates
02 May 2010
(MENAFN) The Central Bank of Oman (CBO) said that the Sultanate?s money supply increased for the fourth month in a row to $21.5 billion in March, up from $20.99 billion, Reuters reported.
The foreign assets of the central bank also grew for the fourth month in a row to $13.01 billion in March up from $12.5 billion in February.
The commercial banks in Oman extended a total credit of $25.9 billion in March up from $25.8 million in February.
It is worth money supply includes time and savings deposits, margins and foreign currency.
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