Bank lending to the private sector rose 7.75 percent in January year-on-year, a report by the Central Bank of Kuwait showed. The money supply in the State of Kuwait (N2) increased at the beginning of the year by 6.62 percent.
The volume of domestic liquidity increased to 39.04 billion dinars ($ 127.52 billion) in January, compared to 36.62 billion dinars ($ 119.61 billion) in January 2022.
On a monthly basis, domestic liquidity rose 1.59 percent from December's level of 38.43 billion dinars..
Cash in circulation outside local banks in January fell 3.93 percent year-on-year to 1.67 billion dinars, compared to 1.74 billion dinars in January last year.
The value of demand deposits by the end of January decreased by 4.27 percent to record 10.09 billion dinars, compared to 10.54 billion dinars by the end of January 2022.
Source (Al Khaleej Newspaper, UAE, Edited)
