M3 money supply, the broadest measure of the money in an economy, rose to SR1 trillion ($266.7bn) in June.

In May, M3 growth fell for the first time since January, falling to 16.9 per cent from 18.3 per cent in April, indicating that the economy is slowing and that inflation will continue to fall.

Figures released by Sama also show that its foreign assets fell for the second month in a row, and was SR1,459bn at the end of June, after falling to SR1.482 in May.