Ashraf AboArafe
The levels of cash liquidity in the Saudi economic system recorded strong growth, reaching its peak at the end of May 2024, at the level of 2,825 trillion riyals, achieving annual growth at an estimated rate of 8.6%, an increase exceeding 222,928 billion riyals, compared to the end of the corresponding period of the year 2023, which was at 2,602 trillion riyals, as its levels reflect the money supply in its broad and comprehensive sense, according to what was shown by the data of the monthly statistical bulletin of the Central Bank of Saudi Arabia for the month of May 2024.
Liquidity has grown since the beginning of the year by 4%, meaning an increase of more than 104,757 billion riyals, as it was at the level of 2,720 trillion riyals at the end of January.
Liquidity levels also achieved a monthly growth estimated at 1.2%, an increase amounting to about 32,402 billion riyals, compared to what they were at the end of April of the same year at the level of 2,793,313 million riyals.
These levels of liquidity become supportive of economic and commercial activity and mobility, an effective contributor to the process of economic development, and an enabler of achieving the goals of the Kingdom’s Vision 2030, thus reflecting the solidity and durability of the banking and financial sector.
