By Fawaz Karami
In its monthly bulletin, the
The CBK's data also showed that the private sector's deposits in the Kuwaiti dinar at local banks dropped by 0.2 percent to KD 2,936.9 million, while deposits in foreign currencies fell by 0.6 percent to KD 3,044.1 million.
Local banks' claims on the CBK, represented in bonds, remained unchanged at KD 1,950 million in June, it added.
Local banks' net foreign assets surged by 6.6 percent to KD 7,493.1 million, while time deposits with the CBK nosedived by 14.7 percent to KD 2,903.1 million in June, the CBK figures indicated.
Meanwhile, non-resident deposits in the dinar rose by 5.8 percent to KD 740.2 million, while such deposits in foreign currencies swelled by 1.2 percent to KD 2,990.4 million.
The balance of utilised cash credit facilities to residents went up by 1.6 percent month-on-month to KD 30,236.9 million, while average interest rates on one-year treasury bonds stood at 1.0 percent, the CBK figures added.
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