Money supply “M3” (liquidity) is the sum of cash in circulation outside banks, demand deposits, time and savings deposits, and other quasi-cash deposits.
An analysis conducted by “Arabian Business” showed the weekly data of the broad money supply, expressed by the money supply (M3), issued by Central Bank of Saudi Arabia (SAMA)to retreat Cash In the Saudi economy, by 0.28%, by 7 billion riyals, from 2,782 trillion riyals on February 22nd to 2,775 trillion riyals on February 29, 2024.
Since the beginning of the year, cash liquidity in the Saudi economy has increased by 3.32%, by 90 billion riyals, from 2,685 trillion riyals on December 31, 2023 to 2,775 trillion riyals on February 29, 2024.
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Money supply
The money supply “M3” is:
- Total cash in circulation outside banks.
- Demand deposits.
- Time and savings deposits.
- Other semi-cash deposits.
Other semi-cash deposits
The “other semi-cash deposits” are:
- Deposits of residents in foreign currencies.
- Deposits against documentary credits.
- Existing transfers.
- Repo operations, carried out by banks with the private sector.
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