Saudi Arabia’s Money Supply Rises 8.4% Year-on-Year to SAR3.1 Trillion in July

Riyadh, September 15, 2025 (Saudi Arabia Breaking News) – Saudi Arabia’s domestic money supply recorded significant annual growth by the end of July 2025, increasing by SAR239.973 billion, or 8.4 percent, to SAR3.109 trillion compared with SAR2.869 trillion in July 2024, according to the Saudi Central Bank (SAMA).

SAMA’s monthly statistical bulletin showed that broad money supply (M3) rose by SAR64.144 billion, or 2.1 percent, in the second quarter of 2025, reaching SAR3.120 trillion, compared with SAR3.055 trillion at the end of the first quarter.

Demand deposits accounted for the largest share of M3, representing 46.5 percent at SAR1.447 trillion. Time and savings deposits followed at SAR1.123 trillion, or 36.1 percent, while other quasi-monetary deposits stood at SAR296.718 billion, or 9.5 percent. Currency in circulation outside banks totaled SAR242.340 billion, or 7.8 percent.

SAMA said quasi-monetary deposits include residents’ deposits in foreign currencies, deposits against letters of credit, outstanding remittances, and repurchase agreements (repos) executed with the private sector.

Money supply definitions include M1 (currency in circulation plus demand deposits), M2 (M1 plus time and savings deposits), and M3 (M2 plus other quasi-monetary deposits).