Saudi Central Bank: Slight changes in levels of currency in circulation
The Saudi Central Bank (SAMA) has issued its latest statistical report on the levels of currency in circulation in the Kingdom. The report clarifies the most recent data regarding the movement of money outside the banking sector, reflecting current economic trends of consumers and companies in the Saudi market.
The report indicated that currency in circulation outside banks saw a decrease of 0.7% at the end of last April. These figures come as part of the periodic monitoring conducted by the Central Bank to track cash liquidity in the national economy and ensure the stability of the financial system.
Currency in circulation is an important indicator that reflects the extent to which individuals and companies rely on paper and metal currency in their daily transactions. These data come at a time when the Kingdom is witnessing an accelerated digital transformation toward electronic payments, which may directly affect the volume of cash required for circulation in the markets.
Financial authorities in the Kingdom continue to monitor these indicators closely to ensure the efficiency of monetary policy. These reports contribute to providing a clear picture for investors and analysts regarding the state of the local economy, which helps in making sound financial decisions based on accurate and updated figures.