Various cash indices witnessed, during the first six months of 2014, a significant increase in deposits and credit for commercial banks operating within the Sultanate of Oman, prompting increased economic activity in the country.

Cash availability, which consists of cash available amongst the public and on-demand deposits in the local currency has surged by OMR 4.7 million by the end of June 2014, a report by the Central Bank of Oman (CBO) said, adding that this figure was supported by a rise in current cash and on-demand deposits by 16.8% and 36.2%, respectively.