RIYADH: Saudi banks’ money supply rose 9 percent in June compared to the same month of 2023 to reach SR2.9 trillion ($773 billion), official data showed. According to figures released by the Saudi Central Bank, also known as SAMA, the increase was mainly fueled by a 17.32 percent surge in the institutions’ term and savings accounts, which reached SR903.71 billion. These represented the second-largest portion of the total money supply, accounting for 31 percent, while demand deposits made up the largest share at 49 percent.