By the end of March 2024, the Saudi economic system’s liquidity levels had grown significantly to SAR 2,823,745 million, or over SAR 2.823 trillion. Compared to the same period in 2023, when liquidity was at SAR 2,608,319 million, this represented a yearly rise of 8.3%, or SAR 215 billion. These levels of liquidity are reflected in the broad money supply (M3), as reported in the March statistical bulletin from the Saudi Central Bank (SAMA).

In February of this year, liquidity increased by 2.5% on a monthly basis to SAR 67.553 billion, from SAR 2,756,193 million.
These levels of liquidity, in all their manifestations, are essential as stimulants for trade and business. Furthermore, they emphasize the tenacity and might of the banking and financial industry while helping to achieve the goals set forth in Saudi Vision 2030.

Demand deposits, which make up the greatest portion of the total money supply (M3) at roughly 49.8%, are largely responsible for the recent growth in M3. Demand deposits increased 3.9% from SAR 1,354,392 million at the end of March 2023 to SAR 1,407,114 million, indicating an annual growth above SAR 52.722 billion. Demand deposits increased at a rate of 4.4% per month, totaling more than SAR 59.864 billion when compared to SAR 1,347,250 million at the end of February 2024.