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Kuwait C.bank reports 3.2% cash drop in June

Kuwait C.bank reports 3.2% cash drop in June
The circulated cash decreased by 1.6% M-o-M in June

Mubasher: The Central Bank of Kuwait (CBK) showed a 3.2% year-on-year decline in the volume of cash and coins in June, according to recent data by the bank.

Cash and coins in Kuwait stood at KWD 1.84 billion ($6.10 billion) in June, compared to KWD 1.90 billion ($6.28 billion) in the same month a year earlier, the central bank said.

On a monthly basis, the circulated cash decreased by 1.6% last month, compared to KWD 1.87 billion in May.