Kuwait’s broad money supply (M2) rose 0.2% in September from August to KD42.8 billion (about $141.2 billion), the Central Bank of Kuwait said on Monday.
Private sector deposits in Kuwaiti dinars at local banks rose 0.1% to KD38.8 billion (about $128.2 billion), according to statistical tables from the central bank’s economic research department carried by the state-run Kuwait News Agency and published by Al-Seyassah.
Private sector deposits in foreign currencies at local banks rose 2.3% to KD2.3 billion (about $7.4 billion).
Total assets of local banks increased 1.1% to KD105.9 billion (about $349.4 billion). Their net foreign assets rose 1.7% to KD17.2 billion (about $56.7 billion).
Outstanding cash credit facilities, or loans, rose 0.6% to KD66 billion (about $217.8 billion).
Time deposits with the central bank fell 41.3% to KD193 million (about $636.9 million).
Financing for Kuwaiti imports jumped 26.4% in September to KD359.6 million (about $1.2 billion).
The average exchange rate of the US dollar against the dinar was unchanged at 307.1 fils in September, the central bank said.
