November 8, 2015 0
Amount of money in circulation outside the banking system in Saudi Arabia about 175 billion riyals in September 2015, up by 10.8%, higher than in September 2014, and grew the money supply in its broadest sense (M3) increased by 8.5% during the same period to reach about trillion and 828 billion riyals in September 2015.
The money in circulation in the UK about 9.6% of the total money supply in its broadest sense (M3), and this percentage is high and top Gulf with a stronger payment systems in the UK, compared to other countries in the region, where the money in circulation did not exceed the money supply in the State of Qatar to 1.8% in August 2015, and amounted to 3.9% in the State of Kuwait, and 4.3% in the United Arab Emirates, and 4.5% in the Kingdom of Bahrain, and Oman amounted to almost 8.5% as shown in table and attached figure.
Certainly record money circulating in the kingdom the size of the first position the Gulf as a result of the strength of the national economy and the high number of the population, where the money in circulation in the UK amounted to about $ 45.9 billion in August 2015, and amounted to money in circulation size in the United Arab Emirates about $ 15.6 billion, and in Kuwait about four billion dollars, and in Amman, about $ 3.2 billion, and in Qatar about $ 2.9 billion, and in Bahrain cash in circulation amounted to about $ 1.4 billion.
As well as the UK recorded the highest proportion in circulation of money and banking system took to the GDP, where in the UK the figure was about 7.3% in August 2015, and amounted to money in circulation rate in the Sultanate of Oman 5.4% of the GDP of Oman, this figure was about 4.6% in the Kingdom Bahrain and the United Arab Emirates, and about 3.3% in the State of Kuwait, and the money in circulation reached in Qatar ratio of about 1.5% of Qatar's GDP.
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