(SPA): More than 247 billion riyals increased liquidity in the Saudi economy by the end of October

 Liquidity levels achieved "available money" In the Saudi economic system, growth exceeded 247,647 billion riyals on an annual basis, at a rate of 9.2%, to reach the level of 2.936 trillion riyals by the end of October of this year, compared to the same similar period last year, amounting to 2.688 trillion riyals.

Data issued by the Saudi Central Bank for the month of last October, according to the Saudi News Agency (SPA) on Tuesday, showed that liquidity levels, on a quarterly basis It recorded a growth of 1.5%, an increase of nearly 45 billion riyals, reaching 2.943 trillion riyals at the end of the third quarter of this year, compared to 2.898 trillion riyals at the end of the second quarter of the same year.

 

The level of liquidity achieved a growth of 8%, with an increase exceeding 215 billion riyals, compared to its levels in January 2024, which was 2.72 trillion. Riyals.

 

By reviewing the four components of the money supply (M3) in its broad and comprehensive sense, “demand deposits” recorded Which is considered the largest contribution to the total at 49%, with a value of 1.425 trillion riyals by the end of October 2024, while “time and savings deposits” recorded 971,103 billion riyals, as it is the second largest contributor to the total money supply (M3) at 33%.

 

And “other quasi-cash deposits” amounted to 33%. The level of 312,506 billion riyals, with a contribution of 11% to the total money supply (M3), making it the third largest contributor, and “money in circulation outside banks” came fourth. With a value of 226,991 billion riyals, with a contribution rate of about 8% to the total money supply (M3).

 

It is noteworthy that quasi-cash deposits consist of deposits of residents in foreign currencies, and deposits against Documentary credits, existing transfers, and repurchase operations (repo) carried out by banks with the private sector.

 

Local liquidity contains (N1) which includes cash in circulation outside banks, in addition to demand deposits only, and (N2) includes (N1) in addition to time and savings deposits, and the broad definition (N3) includes (N2) in addition to other semi-cash deposits.

 

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