Saudi market liquidity hits 28-month high in March

The Saudi Central Bank (SAMA) revealed in its recent monthly data that the Kingdom’s market liquidity (Money Supply N3) rose 1.79% (M/M) or by 8.44% (Y/Y) during March 2022 to hit the highest ever at SR 2.372 trillion.

Based on data collected by Maaal, the liquidity hit 28-month high (since December 2019) surging by SR 41.71 billion. The liquidity rose SR 184.68 billion in March reaching the highest since July 2021 or the heist in 9 months when it soared by SR 200.89 billion.

Since launching Vision 2030 in April 2016, the Saudi market liquidity climbed 33.2% from SR 1.78 trillion to SR 2.37 trillion by the end of March 2022.

This surge came as a result of the indicator’s components rise, such as other semi-cash deposits rose 31.85% or by SR 68.46 billion in March. Also, time and saving deposits rose 11.24% and demand deposits advanced 5.04%, while cash outside banks decreased 0.77%.

Meanwhile, on a monthly basis, demand deposits rose 1.29% or by SR 17.61 billion followed by time and saving deposits which soared 3.16% or by SR 15.46 billion, then, other semi-cash deposits that climbed 2.13% or SR 5.92 billion and cash outside banks which advanced 1.34% or SR 2.71 billion.