MONEY SUPPLY IN KUWAIT RISES TO KD 38.9 BLN IN SEPTEMBER : CBK

  • 09/11/2021

Kuwait City: Central Bank of Kuwait (CBK) reported Monday an expansion in Broad Money Supply (M2) by around 0.1 percent last September to settle at KD 38.9 billion (USD 128.6 billion). Neighborhood banks' private area stores expanded by 0.2 percent last September to settle at KD 35.1 billion (USD 116.2 billion), said the CBK's monetary exploration division in a delivery to KUNA including measurable tables. It added, private area stores in unfamiliar cash diminished by 1.2 percent to arrive at KD 2.032 billion (USD 6.72 billion), while all out neighborhood banks asserts on CBK addressed by CBK bonds settled at KD 2.9 billion (USD 9.6 billion). 


The bank explained that complete neighborhood banks' resources rose by 0.6 percent to record KD 76 billion (USD 251 billion) demonstrating that Net Foreign Assets diminished by 3.1 percent to arrive at KD 5.79 billion (USD 19.1 billion). CBK referenced that Time Deposits with CBK diminished last September by around two percent to arrive at KD 2.24 billion (USD 7.41 billion), though Balance of Utilized Cash Credit rose by one percent to arrive at KD 41.6 billion (USD 137.7 billion). It demonstrated that normal Interest Rate on One Year Treasury Bonds settled at 1.375 percent while Financing of Kuwaiti Imports expanded by 25.8 percent last August to arrive at KD 758 million (USD 2.5 billion), and US dollar swapping scale against Kuwaiti Dinar settled at 300 fils. Restricted Money Supply demonstrates complete volume of cash available for use including notes, coins and functional cash stores, while Broad Money Supply incorporates time stores and saving records just as fluid cash.

Related News

Kuwait Tops Global Hunger Index 2024 as Least Hungry Country
  • 04/02/2025
MoI: Implementation of new traffic fines on April 22
  • 04/02/2025
Kuwait Council of Ministers Holds Weekly Meeting at Bayan Pa ...
  • 04/02/2025
Kuwait population increases every 5 minutes
  • 03/02/2025
Kuwait Stabilizes Market Ahead of Ramadan
  • 29/01/2025
Kuwait Arrests Egyptian Expat for Forging Medical Documents
  • 29/01/2025
Kuwait Ministry of Education Cuts School Bag Weight by 50%
  • 27/01/2025
Security campaigns in Jleeb and Ahmadi
  • 27/01/2025
Kuwait introduces new housing standards for workers
  • 26/01/2025
2 Young Men Killed in Saad Al-Abdullah Car Crash
  • 26/01/2025
Women’s Health Index: Kuwait ranks 1st in Middle East, 2nd ...
  • 26/01/2025
Kuwait Announces 3-Day Holiday for Isra Wal Miraj
  • 25/01/2025