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Sun 21 Mar 2010 10:24 AM

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Omani money supply up 1.8% in Jan

Foreign assets and gold holdings of the central bank rose 1.9% - official stats.

Omani money supply grew 1.8 percent in January while foreign assets and gold holdings of the central bank rose 1.9 percent, the National Economy Ministry said on Sunday.

Money supply measured as M2 stood at 8.03 billion rials ($20.9 billion) in January compared to 7.89 billion rials in December, according to a National Economy Ministry bulletin.

Money supply includes time and savings deposits, margins and foreign currency.

The foreign assets and gold of the central bank grew to 4.78 billion rials in January up from 4.69 billion rials the previous month, the ministry said. (Reuters)

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