|10 February, 2020

Kuwait central bank's foreign assets top $63bln in December 2019

Foreign assets inched down by 0.11% monthly in December 2019

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.

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Kuwait - Net foreign assets of the Central Bank of Kuwait (CBK) rose by 6.2% on an annual basis in December of last year, according to official data released by the CBK on Monday.

Total foreign assets stood at KWD 19.24 billion ($63.4 billion) in December 2019, up from KWD 18.12 billion ($59.7 billion) in the same month in 2018.

Month-on-month (MoM), foreign assets inched down by 0.11% in December 2019, compared to the previous month where the bank registered KWD 19.26 billion.

Annually, money supply went down by 1.2% to reach KWD 38.12 billion in December of last year when compared to KWD 38.6 billion in the same month in 2018.

On a monthly basis, money supply levelled down by 0.26% in December 2019 as compared to November of the same year where it amounted to KWD 38.2 billion.

Source: Mubasher

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