According to data released by the National Centre for Statistics and Information (NCSI), the Sultanate registered a 1.5 per cent fall in narrow money
supply (M1) to reach OMR5.18 billion at the end of May 2019.
Broad money and narrow money
rose by 8.4 percent and 0.4 percent respectively
In terms of money supply at the end of February, the narrow money
stock increased 1.1 per cent year-on-year to RO5bn.
Muscat, May.18 (ONA) Monetary aggregates as at the end of February 2019, the narrow money
stock (M1) increased year-on-year (YoY) by 1.1 percent to RO5 billion, according to the bulletin released by the Central Bank of Oman (CBO).
Even now that the court has ruled that public sector wages and pensions should be treated as property and therefore protected by the constitution, no party dared criticise the decision or the action of the public employees that put their narrow money
interests above that of the country and their fellow citizens.
With regard to monetary aggregates at the end of September 2018, the CBO bulletin said that narrow money
stock (M1), when measured on a year-on-year (YoY) basis, increased marginally by 0.8 per cent to OMR5.1 billion.
Using the procedure of cointegration and error correction model, he found a cointegrating relationship between price and narrow money
or broad money.
On the other hand, the report said, the narrow money
supply (M1) contracted by 4.1 percent during 2017 as against an increase of 1.1 percent during 2016.
The period under review, however saw narrow money
supply, which mainly consists of currency, demand deposits and other liquid assets edged up by 1.2 per cent to OMR 5,272.5 million from OMR 5,211.9 million.
Money supply as represented by narrow money
(M1) decelerated during 2016 as compared to the previous year reflecting deceleration in growth of demand deposits, QCB said in its 8th Financial Stability Review.
The M1, also called as narrow money
, increased to Dh493.4 billion at the end of April from Dh490.3 billion at the end of March 2016, the central bank said in a statement.
The current direction of measures of narrow money
flows make it particularly difficult to plausibly envisage an imminent economic collapse for the Chinese economy.