Kuwait's cash reserve recorded its highest historical level at the end of last August, after rising during the month to reach 13.55 billion dinars, an increase on a monthly basis by 3.8% and a value of 494 million Dinars, to surpass its highest historical level ever last June, when it reached 13.11 billion dinars.
The increase in Kuwait's foreign cash reserves coincides with the remarkable recovery from the repercussions of the Corona virus, the gradual return of economic life and the rise in oil prices.
This increase comes with the return of foreign inflows to their investments in the Kuwait Stock Exchange, where foreign investment achieved a net purchase of 21.8 million dinars during last August's transactions.
The foreign monetary reserve of Kuwait represents the total cash balances, accounts, bonds, certificates of deposit, treasury bills and foreign currency deposits with the Central Bank of Kuwait.
and by calculating liquid reserves, we find that they cover Kuwait's import needs for more than 13 months, which is 4 times higher than the global average, as the safe limit is to cover the cash reserve The liquid foreigner not counting gold for 3 months of the average value of imports.
Kuwait’s gold reserves have remained unchanged, which has stabilized at 79 tons, according to the World Gold Reserve Board. The book value of that quantity of gold in Kuwait is 31.7 million dinars, according to prices At time of purchase and not at current market value.
According to the monthly bulletin of the Central Bank of Kuwait, the total assets of the bank reached 13.72 billion dinars, distributed among the liquid foreign reserves, which represent the largest part of about 13.55 billion dinars, in addition to gold reserves With a value of 31.7 million dinars, and other reserves of 130.88 million dinars.
foreign assets measure the strength of the external financial position and the ability to resist pressures on the local currency.
(Amazon Fun Knowledge)
