Mubasher: The Central Bank of Kuwait's (CBK) foreign assets increased by 22% year-on-year during November 2018, registering its highest level ever.
CBK’s foreign assets amounted to KWD 11.1 billion ($36.6 billion) in November last year, compared to KWD 9.1 billion ($30 billion) in the corresponding month during 2017, the data which were released on Sunday showed.
Month-on-month, assets rose 5.5%, from KWD 10.521 billion.
Assets include around KWD 11.07 billion that are distributed over deposits and balances which are in foreign currencies.
Kuwait’s foreign reserves comprise about 79 tonnes of gold with a book value of KWD 31.7 million, while their market capitalisation value exceed $3 billion.
