Saudi M3 money supply hits all-time high in 11 months

Saudi Arabia’s cash liquidity totaled $570bln in the January-November period

  
Image of Saudi riyal used for illustrative purpose.

Image of Saudi riyal used for illustrative purpose.

Getty Images/Mohd Hafiez Mohd Razali / EyeEm

Riyadh –  Saudi Arabia's cash liquidity -M3 money supply- rose by 7.75% or SAR 153.85 billion yearly in the first eleven months of 2020 to reach an all-time high.

The kingdom’s cash liquidity amounted to SAR 2.139 trillion in the January-November period of the last year, compared with SAR 1.985 trillion in the prior-year period, according to data collected by Mubasher based on figures from the Saudi Central Bank (SAMA).

In November 2020, cash liquidity soared by 11.6% or SAR 222.94 billion yearly, whilst went up by 1.5% or SAR 31.88 billion when compared to the previous month.

Over the third quarter of 2020, the GCC nation’s cash liquidity reached SAR 2.088 trillion, surpassing May’s historic level of SAR 2.075 trillion.

Source: Mubasher

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