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Press Dossier   News Category    Economy    Saudi M3 money supply decelerates in July: SAMA

Arab News, Monday, Aug 29, 2022 | Safar 2, 1444

Saudi M3 money supply decelerates in July: SAMA

Saudi Arabia: The rate of change in Saudi M3 monetary aggregate decelerated in July to 8.1 percent year-on-year from 8.9 percent in June, according to data published on Saudi Central Bank’s website on Sunday.

M3 money supply, which is usually monitored as a broad measure of liquidity in the monetary system, grew by SR182 billion ($48.4 billion) at the end of July from the same month a year ago to SR2.43 trillion, SAMA data showed.

It stood at SR2.25 trillion at the end of July 2021.

The M3 monetary aggregate, slipped by SR6.43 billion or 0.3 percent compared to June. 

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