Mubasher: The Central Bank of Kuwait (CBK) announced that its assets dropped 3.1% month-on-month by the end of July.
The total value of assets declined to KWD 9.27 billion versus KWD 9.57 billion a month before, according to a CBK statement.
Meanwhile, CBK bonds rose to KWD 1.975 billion as compared to KWD 1.950 billion by the end of June, recording a 1.3% monthly growth.
General government accounts declined by 10.5% on a monthly basis to KWD 1.87 billion in July versus KWD 2.09 billion in June.
The total value of the local accounts and deposits grew 7.2% to KWD 2.39 billion versus KWD 2.23 billion in June.
The government funds managed by the CBK increased by 2.3% to KWD 8.72 billion as compared to KWD 8.52 billion in June.
Money supply shrank by 14.9% to KWD 1.59 billion by the end of July.
