Saudi Arabia’s Liquidity Levels Reach High of SAR 2.8 Trillion
The liquidity level marks a SAR 222 928 billion increase as compared to the same period in 2023.
Saudi Arabia’s liquidity levels reached SAR 2.8 trillion at the end of May 2024, which marks an annual growth of around 8.6%. The liquidity level marks a SAR 222 928 billion increase as compared to the same period in 2023, when liquidity levels in the Kingdom reached around SAR 2.6 trillion. Since the beginning of 2024 liquidity has risen by 4%, representing a total increase of SAR 104 757 billion.
As of May 2024, the composition of the total money supply is detailed as follows: Demand deposits, the largest contributor accounting for 49.2% of total money supply, amounted to SAR 1 390 893 million. Time and savings deposits, the second-largest component contributing 31.5% to total money supply, totaled SAR 889 558 million. Other quasi-money deposits, including residents' deposits in foreign currencies, deposits against letters of credit, outstanding transfers, and repos with the private sector, amounted to SAR 314 807 million, making up approximately 11.1% of total money supply.
Currency in circulation outside banks stood at SAR 230 456 million, contributing around 8.2% to total money supply.
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