Oman June M2 growth slows, foreign assets decline

August 6, 2009 - 0:0

MUSCAT (Reuters) -- Omani money supply growth slowed for an eighth month to 8.2 percent in June, and the central bank's foreign assets slipped month-on-month, official figures showed on Wednesday.

Money supply measured as M2 stood at 7.6 billion rials on June 31, compared with 7.02 billion rials a year earlier, according to central bank figures.
That marked the slowest pace of annual money supply growth since May 2005.
Money supply includes time and savings deposits, margins and foreign currency.
The central bank said its foreign assets declined 4.1 percent in June to 3.98 billion rials from the month earlier. Foreign assets fell 0.25 percent compared to a year earlier.