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FinancialNews


  • 05-08-19

    2 percent surge in Kuwaiti money supply

    (MENAFN) Kuwait News Agency (KUNA) revealed the GCC nation to have stood at USD128 billion in its money supply to mark a 2 percent month-on-month boost in June 2019.

    Private sector deposits with local banks climbed to reach USD113.8 billion during the sixth month of the year, as unveiled the Central Bank of Kuwait (CBK).

    Official data confirmed that foreign currency deposits of the private sector hit USD2.8 billion in January to reflect a 9.1 percent surge, with total deposits reaching USD122 billion.

    Last June, total balances of demands of local banks on the CBK in Kuwaiti dinar locked USD9.5 billion while local banks total assets witnessed a 1.1 percent increase to USD224 billion.

    MENAFN0508201900450000ID1098845131

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