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FinancialNews


  • 29-06-10

    Kuwait's money supply slips to $86.5b in May

    (MENAFN) A report issued by the Central Bank of Kuwait (CBK) showed that the country?s money supply (M2) has amounted to $86.5 billion by the end of May this year, compared with $86.8 billion a month before, Kuna reported. The CBK's Economic Research Department said in its report that private deposits for residents in local banks were $83.7 billion last month. Local banks' claims on CBK were $4.01 billion, while net foreign assets amounted to around $17.7 billion in May against $17.3 billion in the month before. Kuwait?s net foreign assets dropped by 2.5 percent to $14.3 billion in May, down from $14.67 billion the month before, the CBK said.

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