Kuwait’s money supply up to 128 bln USD in June

Kuwait’s money supply increased two percent, recording 38.9 billion Kuwaiti dinars (128 billion U.S. dollars) in June on a monthly basis, Kuwait News Agency (KUNA) reported on Sunday.

According to the Central Bank of Kuwait (CBK), the private sector deposits with local banks rose in June to 34.5 billion Kuwaiti dinars (113.8 billion dollars).

In January, the private sector’s foreign currency deposits jumped 9.1 percent to 2.5 billion Kuwaiti dinars (2.8 billion dollars), whereas the total deposits of this sector reached hit 37 billion Kuwaiti dinars (122 billion dollars).

The total balances of local banks’ demands on the CBK in Kuwaiti dinar, which are central bank bonds, settled last June at 2.9 billion Kuwaiti dinars (9.5 billion dollars) and the local banks total assets rose 1.1 percent up to hit 68 billion Kuwaiti dinars (224 billion dollars).