The data issued by the Central Bank of Kuwait showed that foreign reserve assets decreased by 2.8 percent during last January on a monthly basis, to reach 14.24 billion dinars (47.1 billion dollars) last January, while Kuwait's foreign reserves amounted to 14.65 billion dinars ($48.5 billion) in December 2020.
On an annual basis, the reserves increased by 16 percent last January, from 12.27 billion dinars (40.6 billion dollars) in the same month of 2020. Reserves included 13.43 billion dinars (44.45 billion dollars) balance of deposits and currencies, and 564.5 million dinars ($1.86 billion) Kuwait’s special drawing rights with the IMF, and 219.2 million dinars ($725.5 million) is a balance with the International Monetary Fund.
Kuwait’s foreign reserves include gold, which amounted to about 31.7 million dinars ($104 million) by the end of 2020. The Kuwaiti central possesses about 79 tons of gold, according to the latest report of the World Gold Council, and its market value exceeds $4.7 billion.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
