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Oman March money supply, foreign assets up

Omani money supply increased for the fourth month in a row to 8.275bn rials ($21.5bn) in March, reflecting a similar growth with the central bank foreign assets, the central bank said on Sunday. Money supply measured as M2 stood at 8.103bn rials in February according to the central bank statistics. Money supply includes time and savings deposits, margins and foreign currency. The foreign assets of the central bank also grew for the fourth month in a row to 5.053bn rials in March up from 4.826bn rials in February. The commercial banks in Oman extended a total credit of 9.998bn rials in March up from 9.97bn rials in February. Customers’ deposits in commercial banks rose to 9.788bn rials in March from 9.357bn rials a month earlier, the central bank said

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