|19 August, 2019

Kuwaiti money in circulation grows 15% in July 2019

Total money in circulation amounted to $6.21bln in July 2019

Close-up of Kuwaiti bank notes (toned). Image used for illustrative purpose.

Close-up of Kuwaiti bank notes (toned). Image used for illustrative purpose.

Gettyimages

Kuwait’s banknotes and coins in circulation posted a 15.36% year-on-year rise in July 2019.

Total money in circulation amounted to KWD 1.885 billion ($6.215 billion) in July 2019 when compared to KWD 1.634 billion ($5.388 billion) in the same month in 2018, according to recent data released by the Central Bank of Kuwait (CBK).

Month-on-month, total banknotes of all denominations circulated in Kuwait recorded KWD 1.856 billion in July 2019 when compared to KWD 1.667 billion, data revealed.

The 20-Kuwaiti-dinar-note logged the highest trading in July 2019 at a value of KWD 1.08 billion, while the 1?4 Kuwaiti-dinar-note posted the lowest trading at KWD 12.48 million.

As for coins, a value of KWD 28.370 million was registered in July 2019, compared to KWD 26.981 million in the same month in 2018, with a 5.15% rise.

The Kuwaiti 100-fils coin led the trading activity with KWD 12.69 million in July 2019, while the Kuwaiti 1-fils coin was least traded in transactions with a value of about KWD 12,750.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 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 Economy