The level of the increase in foreign exchange in Kuwait during the past month reached about 235 million dinars (764 million dollars), to surpass its highest level ever in May when it reached To 12.879 billion dinars (41.87 billion dollars).
The rise in foreign exchange reserves for Kuwait coincides with the start of recovery from the repercussions of the emerging Corona Virus (Covid 19) and the gradual return of economic life and its impact on food supplies and high prices in light of dependence Heavily on imports to secure them.
It contributed to the increase in the Kuwaiti foreign exchange reserves, the sharp declines in oil prices, which is the main source of government revenue in the country, in addition to the return of foreign flows to their investments in the Kuwait Stock Exchange .
The reserve represents the country's foreign exchange total cash balances, accounts, bonds, certificates of deposit, treasury bills and foreign currency deposits with the Central Bank of Kuwait.
Calculating liquid reserves, we find that they cover Kuwait's import needs for more than 13 months, which is 4 times more than the global average, where the safe limit is considered to cover the cash reserve. A foreigner asking that gold not count 3 months from the average value of imports.
(Fun Knowledge of Knowledge)
