Kuwait – Mubasher: The Central Bank of Kuwait (CBK) on Wednesday posted that its foreign assets declined in August to its lowest levels since February.
The volume of the CBK’s foreign assets fell 1.4% to KWD 9.09 billion ($30.1 billion) in August, versus KWD 9.22 billion ($30.5 billion) in July, the bank said in its monthly bulletin.
Foreign assets surged 17.9% year-on-year from KWD 7.72 billion in August 2016.
The CBK’s total assets tumbled 1.4% to its lowest levels in six months to KWD 9.14 billion in August, compared to KWD 9.27 billion in July.
Total assets rose 16.1% year-on-year from KWD 7.87 billion in August 2016.
The CBK's money supply (M2) added 0.9% month-on-month to KWD 36.31 billion at the end of August, compared to KWD 35.97 billion in July.
