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Kuwaiti money supply sheds 0.31% YoY in November

Kuwaiti money supply sheds 0.31% YoY in November
Money supply declined to KWD 38.22bn

Mubasher: The Central Bank of Kuwait (CBK) has announced that the money supply (M2) in Kuwait went down by 0.31% year-on-year in November 2019, according to the latest official data.

Kuwait’s money supply declined to KWD 38.219 billion ($126.352 billion) in November 2019 from KWD 38.336 billion ($126.739 billion) in the year-ago period.

On a monthly basis, monthly supply (M2) shrank 0.66% when compared to KWD 38.471 billion in October 2019.

Cash in Kuwaiti Dinar decreased by 6.37% to KWD 1.838 billion in November 2019, compared to the year before.