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Kuwait’s money supply reaches $126bn in May

Kuwait’s money supply reaches $126bn in May
Monthly supply (M2) grew by 1.49% in May

Mubasher: The Central Bank of Kuwait (CBK) announced that the money supply (M2) in Kuwait increased by 0.58% year-on-year in May 2019, recording KWD 38.24 billion ($125.98 billion), according to a report released on Wednesday.

On a monthly basis, monthly supply (M2) grew by 1.49% in May, compared to KWD 38.82 billion in April.  

Cash in Kuwaiti Dinar increased by 9.57%, and 8.99% month-on-month, to KWD 2.06 billion in May.