Liquidity in the Saudi economy reaches its highest level in its history

Cash liquidity records the latest record in the history of the Kingdom. Liquidity levels in the Saudi economy have reached their highest level, exceeding 2,823 trillion riyals.

Levels continued Liquidity in the economic system Saudi Arabia achieved strong growth, reaching its peak at the end of March 2024, according to data from the monthly statistical bulletin of the Central Bank of Saudi Arabia.

Liquidity levels of various types reached 2,823,745 million riyals, recording an annual growth of 8.3%, an increase of more than 215 billion riyals compared to the end of March 2023, which amounted to 2,608,319 million riyals.

According to what was published by the Saudi Press Agency, she witnessed Liquidity levels A monthly growth of 2.5%, recording an increase of approximately 67,553 million riyals, compared to February of the same year, when the liquidity level reached 2,756,193 million riyals.

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Details of liquidity types:

1. Demand deposits:
   • It represents the largest contribution to the total money supply at approximately 49.8%.
   • Its value reached 1,407,114 million riyals, recording an annual growth of more than 52,722 billion riyals, with an increase rate estimated at 3.9%.
   • It saw a monthly increase of 4.4%.
2. Time and savings deposits:
   • It represents the second largest contribution to the total money supply at about 29.9%.
   • Its value reached 843,248 million riyals, recording annual growth with a value exceeding 144 billion riyals, an increase of 20.7%.
   • Recorded a monthly increase of 0.6%.
3. Cash in circulation outside banks:
   • It contributed about 8.1% of the total money supply.
   • Its value amounted to 227,491 billion riyals, and recorded an annual growth of more than 19,938 billion riyals, with an annual growth rate estimated at 9.6%.
   • It saw a monthly increase of 4.4%.
4. Other semi-cash deposits:
   • It constitutes about 12.2% of total liquidity.
   • Its value reached 345,892 billion riyals.

These levels of liquidity of all kinds are supportive of economic and commercial activity and mobility, an effective contributor to the process of economic development, a strong catalyst for GDP growth, and an enabler of achieving the goals of the Kingdom’s Vision 2030, thereby reflecting the solidity and durability of the banking and financial sector.