Mubasher: Kuwait’s local liquidity went down by 1.24% year-on-year at the end of December 2019, according to data released by the Central Bank of Kuwait (CBK).

Kuwaiti money supply (M2) declined to KWD 38.129 billion ($125.534 billion) last December, compared to KWD 38.606 billion ($127.104 billion) a year earlier.

Month-on-month, local liquidity in the GCC country decreased by 0.24% in December 2019, from KWD 38.219 billion in November.

It is worth noting that Kuwait’s foreign reserves increased by 7.2% YoY in December to KWD 12.09 billion ($39.9 billion).