No. 23



NBK Reports 8.6% Rise In Money Supply For 1Q 2001

According to the latest report of the National Bank of Kuwait (NBK) on Monetary Developments issued on 22 May, Kuwait is witnessing an increase in liquidity with M2 rising in 1Q "by a substantial 8.6% or KD701mn ($2,283mn), following a somewhat smaller but still large 5.1% increase in 4Q 2000." According to NBK, the dominant driving force behind the increase was the growth in net foreign assets at both the...