Middle East Economic Survey
VOL. LII
No 11
16-Mar-2009
KUWAIT
Government Funds Sustain Banks Liquidity, NBK Reports
Net foreign assets of the Central Bank of Kuwait (CBK) rose to KD289mn ($980mn) in January thanks to significant government inflows that increased money supply (M2) by 3.8% on a month-on-month basis, National Bank of Kuwait (NBK) reported on 11 March. The inflows are part of the governments efforts to support liquidity in the banking system and provide a substitute to declining...
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