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| 16 July, 2018

Kuwait central bank reports 3.2% cash drop in June

Cash and coins in Kuwait stood at $6.10bln in June, compared to $6.28bln in the same month a year earlier

Image used for illustrative purpose 
A personal banker speaks to a customer inside Barwa Bank's head office building in Doha October 23, 2013.

Image used for illustrative purpose A personal banker speaks to a customer inside Barwa Bank's head office building in Doha October 23, 2013.

REUTERS/Fadi Al-Assaad

Kuwait - The Central Bank of Kuwait (CBK) showed a 3.2% year-on-year decline in the volume of cash and coins in June, according to recent data by the bank.

Cash and coins in Kuwait stood at KWD 1.84 billion ($6.10 billion) in June, compared to KWD 1.90 billion ($6.28 billion) in the same month a year earlier, the central bank said.

On a monthly basis, the circulated cash decreased by 1.6% last month, compared to KWD 1.87 billion in May.

Source: Mubasher

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