Money liquidity in the Saudi economy (money supply 3) witnessed a remarkable rise by the end of 2024 by 8.8% year-on-year, equivalent to an increase of 236.13 billion riyals, according to a monitor based on data Saudi Central Bank “SAMA”. Total liquidity reached 2.921 trillion riyals by the end of December 2024, compared to 2.685 trillion riyals in the same month of 2023.

Continued growth of liquidity

<Cash liquidity has continued to grow in recent years, reaching SR2.495 trillion at the end of 2022, compared to SR2.308 trillion in 2021, SR2.149 trillion in 2020, and SR1.985 trillion at the end of 2019.
Monetary liquidity (money supply3) consists of total demand deposits, time and savings deposits, and other quasi-monetary deposits, in addition to cash in circulation outside banks.

Details of growth in money supply

<The money supply1, which includes cash in circulation outside banks and demand deposits, increased by 9.5% to reach 1.669 trillion riyals by the end of 2024, compared to 1.524 trillion riyals in December 2023, an increase of 145.51 billion riyals.
This rise was driven by an increase in demand deposits to 1.441 trillion riyals, compared to 1.312 trillion riyals at the end of 2023, a growth of 9.8% (128.31 billion riyals). Cash in circulation outside banks increased by 8.1% to reach 229.09 billion riyals, compared to 211.89 billion riyals at the end of the previous year.

Money supply 2, which includes money supply 1 plus time and savings deposits, increased by 9.68% to reach 2.619 trillion riyals by the end of December 2024, compared to 2.388 trillion riyals in the same month of 2023, an increase of 231.15 billion riyals.

Money supply 2, which includes money supply 1 plus time and savings deposits, increased by 9.68% to reach 2.619 trillion riyals by the end of December 2024, compared to 2.388 trillion riyals in the same month of 2023. This increase was recorded as a result of the growth of time and savings deposits to SR949.7 billion, compared to SR864.07 billion at the end of 2023, an increase of SR85.64 billion or 9.9%.

The increase was recorded as a result of the growth of time and savings deposits to SR949.7 billion, compared to SR864.07 billion at the end of 2023, an increase of SR85.64 billion or 9.9%.

Other quasi-monetary deposits rise 1.7%

Other quasi-monetary deposits, which include residents" deposits in foreign currencies, deposits against letters of credit, outstanding transfers, and repos, increased by 1.68% at the end of December 2024 to reach SR302.04 billion, compared to SR297.06 billion in the same month of 2023, an increase of SR4.98 billion.

Positive indicator of economic growth

The rise in liquidity in the Saudi economy reflects the continued expansion of economic activities and the increase in the volume of financial transactions, which enhances the Kingdom's ability to finance development projects and promote financial stability, especially with the increasing reliance on time and savings deposits as one of the positive indicators of sustainable growth.

The rise in liquidity in the Saudi economy reflects the continued expansion of economic activities and the increase in the volume of financial transactions.