LOC16:36
13:36 GMT
By: Fawaz Karami
KUWAIT, Jan 27 (KUNA) -- The Central Bank of Kuwait (CBK) announced on Wednesday that the broad money (M2) rose by 0.1 percent to reach KD 42.1 billion (around USD 138.8 billion) in December 2025.
Local banks' private sector deposits remained steady at KD 38.5 billion (around USD 126 billion) last December, said CBK's economic research department and statistical tables.
Private sector deposits in foreign currency went up by 2.2 percent last December to reach KD 1.9 billion ( around USD 6.2 billion ) and the total local banks claims on the CBK represented by CBK bonds rose by 0.2 percent to reach KD 201 billion (around USD 663 billion).
The figures shows that total local banks' decreased by 0.3 percent to KD 101 billion ( around USD 101.8 billion) while their net foreign assets dropped down by 0.5 percent to reach KD 14.8 billion (around USD 48.5 billion).
Meanwhile, time deposits with CBK remain stable from October to December 2025 at KD 600 billion (around USD 1.9 billion) whereas balance of utilized cash credit (loans) rose by 0.6 percent to reach USD 63.7 billion (around USD 210 billion).
Financing of Kuwait imports rose by 26.2 percent to KD 966 billion (nearly USD 3.2 billion) while the average US dollar exchange rate against the dinar dropped down by 0.1 percent to 305.6 fils
Narrow money supply indicates total volume of money in circulation including notes, coins and operational money deposits, whereas the broad money supply includes time deposits and saving accounts, as well as liquid money. (end)
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