When compared to the same period in 2023, when it was SR2,688,442 million, Saudi Arabia’s liquidity levels (available cash) increased by more than SR247,647 billion annually, or 9.2%, to reach SR2,936,089 million at the end of October 2024.
The money supply in its widest and most inclusive sense is reflected in these levels (M3). Data from the Saudi Central Bank’s October 2024 monthly statistical release demonstrated this.
By comparing liquidity levels on a quarterly basis, they found that by the end of Q3 2024, they had increased by 1.5%, or around SR45 billion, to SR2,943,661 million, from SR2,898,706 million at the end of Q2 of the same year. The liquidity levels achieved a growth of 8%, with an increase exceeding SR215 billion, compared to its levels in January 2024, which was SR2,720,957 million.
By reviewing the four components of the money supply (M3) in its broad and comprehensive concept, “demand deposits” recorded the largest contribution to the total at 49%, with a value of SR1,425,489 million by the end of October 2024, while “time and savings deposits” recorded SR971,103 billion — the second largest contributor to the total money supply (M3) at 33%.
“Other quasi-monetary deposits” reached SR312,506 billion, contributing 11% to the total money supply (M3), making it the third largest contributor.
Also Read:
Saudi Arabia Invites bidders to bid on 22 Gravel and Sand Quarry Sites
KAUST’s Innovative sustainability Initiatives Propel Vision 2030
