PHOTO
Kuwait foreign reserves grew 1.61% year-on-year in May, according to a report released on Tuesday by the Central Bank of Kuwait (CBK).
The country’s international reserves rose to $39.37 billion in May, compared to $38.748 billion in the year-ago period.
On a monthly basis, Kuwait’s foreign currency reserves went up 0.42% in May from $39.10 billion in April.
The CBK ascribed the growth in the Kuwaiti international reserves to a 1.42% year-on-year increase in the bank’s total deposits and currency, which reached $36.85 billion in May.
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.
