Deposits in Central Bank of Kuwait down to $20.6bln

Data of the Central Bank’s account statement in October indicated a decline in the volume of cash balances, bonds, certificates of deposit, treasury bills and deposits in foreign currency

  
View of Kuwait Central Bank building from across the fish market marina where old fishing boats are standing, Kuwait City - June 17, 2016. Image used for illustrative purpose.

View of Kuwait Central Bank building from across the fish market marina where old fishing boats are standing, Kuwait City - June 17, 2016. Image used for illustrative purpose.

Getty Images

KUWAIT CITY: The assets of the Central Bank of Kuwait (CBK) increased by 98 million dinars, by 0.6 percent, to reach about 14.06 billion dinars at the end of last October, compared to about 13.96 billion dinars at the end of last September, says Al- Seyassah.

The data of the Central Bank’s account statement in October indicated a decline in the volume of cash balances, bonds, certificates of deposit, treasury bills and deposits in foreign currency by 9 million dinars to reach 13.883 billion dinars, while the gold balance stabilized at 31.7 million dinars, while other assets rose by 8 million dinars to reach 148 million dinars. The General Reserve Fund stabilized at 954.88 million dinars.

The total value of the accounts and deposits of local banks with the Central Bank decreased by 47 million dinars in October to reach 6.374 billion dinars after it was 6.421 billion dinars at the end of last September, while the balance of international institutions rose to 55 million dinars, down one million dinars.

The currency in circulation achieved a growth of 1.1 percent to 2.322 billion dinars by the end of last October, compared to about 2.296 billion dinars last September with a growth of 26 million dinars, while the level of “Central Bank of Kuwait” bonds stabilized at 1.85 billion dinars.

© 2020 Arab Times Kuwait English Daily. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Financial Services