Bahrain: CBB notes significant rise in money supply

The Central Bank of Bahrain (CBB) has instructed all retail banks to refrain from blocking customer accounts if the customer has lost his or her employment or has retired.
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The Central Bank of Bahrain (CBB) has published its monthly statistical bulletin for September 2019 which indicated an increase in Money supply reaching BD 13,461.2 million as at the end of September 2019, compared to BD 12,414.5 million as at the same period-end last year, an increase of 8.4%.

In addition, the total outstanding balance of public debt instruments which includes Development Bonds, Treasury Bills, Islamic Leasing securities and Al Salam Islamic securities was BD 12,045.4 million at the end of September 2019, an increase of 2.6% compared to its level of BD 11,739.0 million in September 2018.

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The data also indicated a 4.9% increase in the total balance sheet of the banking system over 12 months. The data also shows an increase of 8.4% in local non-bank deposits. Credit card and debit card transactions across Point of Sales (POS) terminals increased by 10.4%.


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