Latest News
- Kuwait Arrested 18 Drug Dealers
- 8 More Mental Health Clinics To Be Open
- Fishermen's Makeshift Houses Ordered To Be Removed By Kuwait
- Kuwait Cracks Down On Bachelors
- Non-oil Exports Of Kuwait Reached 106 Million Dinars In January,...
- Kuwait Joins The Global Celebration Of World Press Freedom Day
- Kuwaitis In UAE Advised To Exercise Caution Amid Unstable Weathe...
- MEW Has No Plans For Power Cuts And Is Ready To Tackle The Summe...
- Allow Employees To Transfer If Their Monthly Dues Are Not Paid
- Appeal Court Upholds Death Ruling In Friend’s Kill
- Pakistani Expat Died In A Tragic Accident
- The Hourly Domestic Workers Service Is A New Scam
Kuwait Money Supply Rises To Kd 38.9 Bln In Sept: Cbk
Central Bank of Kuwait (CBK) announced Monday an increase in Broad Money Supply (M2) by about 0.1 percent last September to settle at KD 38.9 billion (USD 128.6 billion). Local banks’ private sector deposits increased by 0.2 percent last September to settle at KD 35.1 billion (USD 116.2 billion), said the CBK’s economic research department in a release to KUNA including statistical tables. It added, private sector deposits in foreign currency decreased by 1.2 percent to reach KD 2.032 billion (USD 6.72 billion), while total local banks claims on CBK represented by CBK bonds settled at KD 2.9 billion (USD 9.6 billion).
The bank clarified that total local banks’ assets rose by 0.6 percent to record KD 76 billion (USD 251 billion) indicating that Net Foreign Assets decreased by 3.1 percent to reach KD 5.79 billion (USD 19.1 billion). CBK mentioned that Time Deposits with CBK decreased last September by around two percent to reach KD 2.24 billion (USD 7.41 billion), whereas Balance of Utilized Cash Credit rose by one percent to reach KD 41.6 billion (USD 137.7 billion). It indicated that average Interest Rate on One Year Treasury Bonds settled at 1.375 percent while Financing of Kuwaiti Imports increased by 25.8 percent last August to reach KD 758 million (USD 2.5 billion), and US dollar exchange rate against Kuwaiti Dinar settled at 300 fils. Narrow Money Supply indicates total volume of money in circulation including notes, coins and operational money deposits, whereas Broad Money Supply includes time deposits and saving accounts as well as liquid money.
Â
Â
Â
SOURCEÂ ARABTIMES
Trending News
-
Expat Residency Law Amended By Kuwait Ministerial...
20 April 2024
-
Ministry Announces Separate Time For Amnesty Seeke...
21 April 2024
-
The Ministry Connects With Violators Of Residency...
23 April 2024
-
Work Permits Will Be Issued For One Year Under The...
27 April 2024
-
AstraZeneca Admits Covid Vaccine Can Cause Rare Si...
29 April 2024
-
3 Expats Caught In Salmiya With 213 Bottles Of Loc...
23 April 2024
-
Temperature Increases Cause Electricity Load Index...
21 April 2024
-
Al-Nuer Festival Celebrates Kuwaiti Agriculture Wi...
22 April 2024
-
Peak-time 'cut-offs' Raise Fears Of An Electricity...
22 April 2024
-
Road Trip From Kuwait To Bahrain Via Saudi: Travel...
22 April 2024
Comments Post Comment