Domestic liquidity (money supply) in the Saudi economy recorded annual growth by the end of November 2025, rising by SAR193.02 billion, a growth rate of 6.6%, to exceed SAR3.138 trillion, compared with about SAR2.945 trillion during the same period of 2024.
The increase reflects growth in the broad money supply (M3), according to the monthly statistical bulletin for November 2025 issued by the Saudi Central Bank (SAMA).
On a monthly basis, liquidity continued to rise by SAR332.2 million, with a growth rate of 0.01% compared with the end of October 2025.
An analysis of M3 components showed that demand deposits accounted for the largest share at 45.2%, valued at about SAR1.418 trillion, followed by time and savings deposits at about SAR1.170 trillion, representing a 37.3% share.
Other quasi-cash deposits reached about SAR310.311 billion, contributing nearly 10%, while currency in circulation outside banks ranked fourth at SAR239.524 billion, accounting for about 8%.
Quasi-cash deposits include residents’ foreign-currency deposits, deposits against letters of credit, outstanding transfers, and repurchase agreements (repos) conducted with the private sector.
The narrow money supply (M1) includes currency in circulation outside banks and demand deposits, while M2 includes M1 plus time and savings deposits, and M3 represents the broadest measure of money supply by adding other quasi-cash deposits.