761.9 billion dollars in net foreign assets in the central Gulf banks

The net foreign assets of the Gulf Central Banks in 2024 increased by 6.3% compared to the previous year, reaching about 761.9 billion dollars, according to the statistical center data of the Gulf Cooperation Council countries.

The total monetary offer in its narrow sense (M1) in the Cooperation Council reached about 801 billion dollars by the end of 2024, an increase of 10.0% compared to its value at the end of 2023.

While the value of the monetary supply in its broad sense (M2), at the end of 2024, reached about 1.763 trillion dollars, with an increase of 9.3% compared to its value by the end of 2023.

Compared to the similar quarters of the previous year, the cash supply (M2) increased in all quarters of 2024, while the MB (M1) showed a decrease in both the first three quarters of 2023 as a result of the decrease in the volume of cash deposits.

The center’s data indicates that the deposits on demand witnessed a monthly rise in high proportions during the year 2024 compared to the same month of the previous year.

Also, semi -criticism recorded noticeable monthly growth rates, although they were by decreasing growth rates.