Effective Exchange Rate Index of Omani Rial Rises by End of May

Muscat: The effective exchange rate index of the Omani Rial experienced a 1.3 percent increase, reaching 119.1 points by the end of May 2025, compared to 117.6 points during the same period last year.

According to Oman News Agency, preliminary data from the National Centre for Statistics and Information (NCSI) indicated notable growth in liquidity and lending indicators in the Sultanate of Oman by the end of May 2025. Local liquidity, or M2, grew by 6.9 percent, reaching RO 25.376 billion, up from RO 23.7307 billion during the same period in 2024.

In contrast, the amount of currency issued slightly decreased by 0.8 percent, falling to RO 1.6142 billion by the end of May 2025, compared to RO 1.6267 billion in the previous year. Despite this decrease, the narrow money supply, or M1, witnessed a significant increase of 13.9 percent, reaching RO 7.1483 billion, compared to RO 6.2751 billion by the end of May last year.

Additionally, the total loans and financing provided by commercial banks and Islamic windows rose to RO 33.5629 billion, marking an 8 percent increase from RO 31.0821 billion at the end of May 2024.