Oman’s Total Domestic Liquidity up by RO 2.1 BillionUS occupation supports its bases with weapons in Hasaka

Muscat: Data released by the National Centre for Statistics and Information (NCSI) showed that domestic liquidity in the Sultanate of Oman grew by RO 2.1 billion to RO 22,374.4 million by the end of November 2023, posting an increase of 10.3 percent, compared to the corresponding period in 2022. NCSI data also indicated that total currency issued declined by 3.6 percent to RO 1,588.1 million by the end of November 2023, compared to RO 1,646.6 million during the corresponding period in 2022. Meanwhile, narrow money supply (M1) grew by 2.5 percent to RO 5,769.2 million by the end of November 2023 compared to RO 5,627.7 million during the corresponding period in 2022. The total foreign assets at the Central Bank of Oman (CBO) also went up by 3.7 percent to RO 6,516.2 million by the end of November 2023, compared to RO 6,282.9 million during the corresponding period in 2022. Private sector deposits at commercial banks and Islamic banking windows stood at RO 18,904.2 million by the end of November 2023 posting an increase of 9.2 percent over the figure of the corresponding period in 2022 (RO 17,316.0 million). In addition, total loans and funding in commercial banks and Islamic banking windows grew by 5.8 percent by the end of November 2023 to RO 30,878.4 million compared to RO 29,188.7 million. The average interest rate on total loans increased by 2.1 percent to record 5.485 percent by the end of November 2023. Likewise, the actual exchange rate index for the Omani riyal rose by 1.4 percent by the end of November 2023 to 115.7 points. Source: Oman News Agency Hasaka, The US occupation forces intensified operations to support their illegal bases in Hasaka countryside, and during the past hours, dozens of vehicles loaded with weapons, ammunition, and logistical materials were brought into those bases. Local sources in al-Yarubiyah countryside on the Syrian border told SANA reporter that an US occupation convoy consisting of 75 vehicles, most of which were closed refrigerators and huge carriers for transporting large loads, entered Syrian territory via the illegal al-Waleed crossing border, coming from the occupation bases in Iraqi territory. The sources pointed out that the convoy headed to the occupation base at Kharab al-Jir airport in al-Yarubiyah countryside to collect and distribute it to the occupation bases in Hasaka countryside. Source: Syrian Arab News Agency