No. 29



M1 In Oman Rises In 1999 And Banking System Prudential Regulations Strengthened

The annual report of the Central Bank of Oman (CBO) for 1999 reveals that the narrow money supply (M1) for Oman rose by 1.3% in 1999 to OR510mn ($1,325mn). The broad money supply (M2) rose by 6.4% to OR2,268mn ($5,891mn) as at end-December as the quasi money stock rose by 8%. M2 was partly affected by an increase in net foreign assets of 26.8%, although net domestic assets fell by...