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Deposits in CBK down to KD 6.3b

KUWAIT CITY, Nov 29: The assets of the Central Bank of Kuwait (CBK) increased by 98 million dinars, by 0.6 percent, to reach about 14.06 billion dinars at the end of last October, compared to about 13.96 billion dinars at the end of last September, says Al- Seyassah.

The data of the Central Bank’s account statement in October indicated a decline in the volume of cash balances, bonds, certificates of deposit, treasury bills and deposits in foreign currency by 9 million dinars to reach 13.883 billion dinars, while the gold balance stabilized at 31.7 million dinars, while other assets rose by 8 million dinars to reach 148 million dinars. The General Reserve Fund stabilized at 954.88 million dinars.

The total value of the accounts and deposits of local banks with the Central Bank decreased by 47 million dinars in October to reach 6.374 billion dinars after it was 6.421 billion dinars at the end of last September, while the balance of international institutions rose to 55 million dinars, down one million dinars.

The currency in circulation achieved a growth of 1.1 percent to 2.322 billion dinars by the end of last October, compared to about 2.296 billion dinars last September with a growth of 26 million dinars, while the level of “Central Bank of Kuwait” bonds stabilized at 1.85 billion dinars.

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