|12 February, 2020

Kuwait’s M2 falls 1.24% in December 2019

Kuwaiti M2 declined to $125bln

Image used for illustrative purpose. Luxury boats in souq sharq marina with kuwait city skyline in the background

Image used for illustrative purpose. Luxury boats in souq sharq marina with kuwait city skyline in the background

Getty Images/Emad Aljumah

Kuwait’s local liquidity went down by 1.24% year-on-year at the end of December 2019, according to data released by the Central Bank of Kuwait (CBK).

Kuwaiti money supply (M2) declined to KWD 38.129 billion ($125.534 billion) last December, compared to KWD 38.606 billion ($127.104 billion) a year earlier.

Month-on-month, local liquidity in the GCC country decreased by 0.24% in December 2019, from KWD 38.219 billion in November.

It is worth noting that Kuwait’s foreign reserves increased by 7.2% YoY in December to KWD 12.09 billion ($39.9 billion).

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 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.