Saudi Arabia’s liquidity reached SAR 2.93 trillion by the end of October 2024, up 9.2% from SAR 2.68 trillion a year earlier, according to the Saudi Central Bank’s (SAMA) October 2024 statistical bulletin. This represents an annual increase of SAR 247.6 billion, based on the broad money supply (M3).
On a quarterly basis, liquidity rose 1.5% from SAR 2.89 trillion at the end of Q2 2024 to SAR 2.94 trillion at the end of Q3. Since January 2024, liquidity has grown 8%, adding more than SAR 215 billion from its starting level of SAR 2.72 trillion.
Demand deposits accounted for 49% of the total at SAR 1.42 trillion, followed by time and savings deposits at 33% (SAR 971.10 billion). Quasi-monetary deposits, including residents’ foreign currency deposits and certain bank agreements, made up 11% (SAR 312.50 billion). Currency in circulation outside banks contributed the remaining 8% (SAR 226.99 billion).
