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Monthly Monetary Statistics

Monthly statistical data is presented here, which includes CBK assets, liabilities, and a number of Local Banks reports

Click here to see a chart of the Banking and Financial System Structure.

Definitions of Monetary Variables, Symbols and Notes

  1. Currency in Circulation:
    Currency outside the vaults of the Central Bank of Kuwait, which represents the amount of currency issued by the CBK and held by residents and non- residents.
  2. Monetary Base or Money Supply in its narrow definition (M0):
    Signifies currency in Circulation, demand and time deposits of local banks and other resident financial institutions with the CBK, in addition to CBK Bond holdings of local banks and other entities.
  3. Money (MI):
    Currency in circulation + sight deposits with local banks (private deposits in KD). Money means money supply in its narrow definition (MI).
  4. Quasi-money:
    Balances of Savings deposits (in KD) + time deposits (in KD) + foreign currency deposits + CD’s (in KD). The private sector maintains quasi-money components with local banks.
  5. Certificates of Deposit:
    Negotiable financial papers denominated in Kuwaiti dinars. The term quasi-money also includes that portion of CDs issued by Kuwaiti local banks and held by other parties (i.e. excluding the portion held by these banks themselves).
  6. Money Supply in its broad definition (M2):
    Money (M1) + Quasi-money.
  7. Money Supply in its broader definition (M3):
    Includes money supply in its broad definition (M2), plus private sector deposits with deposit-accepting investment companies.
  8. Claims on the Private Sector:
    Credit facilities extended by local banks to the private sector + domestic investments by local banks + CDs issued by other non-bank private sector units and held by local banks.
  9. Credit Facilities:
    Discounts and advances provided by local banks to residents, either in the form of overdrafts, or loans for specific purposes and fixed terms, whether given in both local or foreign currencies to persons, financial or non-financial companies and institutions (other than banks).
  10. Private Sector:
    It means individuals, institutions and companies belonging to private, joint or public sectors, including public institutions with independent budgets (excluding the Savings and Credit Bank).
  11. Government:
    Ministries, governmental departments, and public institutions with attached budgets and the Savings and Credit Bank.
  12. Local Banks:
    Include commercial banks (National Bank of Kuwait, Commercial Bank of Kuwait, Gulf Bank, Al-Ahli Bank of Kuwait, Burgan Bank, the branch of the Bank of Bahrain & Kuwait, the Branch of the BNP Paribas Bank, the branch of HSBC Middle East Bank, and the branch of the National Bank of Abu Dhabi, the branch of Citibank, the branch of the Qatar National Bank, the branch of the Doha Bank, the branch of Mashreq Bank, and the branch of BankMuscat), a specialized bank (Industrial Bank of Kuwait), in addition to banks operating according to the provisions of Islamic Sharia (Kuwait Finance House, Boubyan Bank, International Bank of Kuwait "previously Kuwait Real Estate Bank", Al-Ahli United Bank "previously the Bank of Kuwait & the Middle East", Warba Bank, and the branch of Al-Rajhi Bank).
  13. Other Deposit Liabilities with Local Banks:
    Such as matured time deposits not covered by instructions for renewal from customer, deposits belonging to customers at branches and resulting from the payment of salaries by the government and institutions through the main office, funds due to commission agents concerning letters of credit, salaries or funds transferred to certain customers who have no sight deposit accounts, or who have accounts but no mention is made of the number, and suspense accounts (the address of the customers is unknown, for example), as well as other liabilities.
  14. Exchange Companies:
    Exchange Companies encompass those companies subject to CBK's supervision and licensed to exercise banking activities (such as purchasing and selling currencies, travelers cheques and drafts, trading in precious metals, and collecting cheques and drafts drawn on foreign entities). These companies do not encompass individually-owned exchange institutions which are not subject to CBK's supervision.
  15. Credit Cards:
    Are cards which provide customers with credit up to certain limits, to be used for payment purposes. In general, there are two types of credit cards:
    • The first type (referred to as Charge Cards), does not allow payment by installment of the amount debited using the card, but requires total settlement usually at month-end.
    • The second type (referred to as Credit Cards) allows payment by installment according to the CBK's relevant instructions.
  16. Debit Cards:
    Debit Cards are cards which directly debit the customer's account. Their limits are the available balance in the customer's account, and they are linked to the customer's account at the issuing bank.
  17. Valid Cards:
    Represents credit/debit cards valid as at end of period, and is calculated as the total number of these cards valid at the start of the period, PLUS their total number issued for the first time during the period, LESS the total number of these cards which were cancelled and not renewed during that period.
  18. Point-of-Sale Machines:
    Are machines which local banks (conventional, Islamic, and foreign bank branches) provide to the traders among their customers, for processing the credit/debit card payment transactions of these traders' customers.
  19. ATMs:
    Automatic Teller Machines (ATM's) are operated or loaded by local banks (conventional, Islamic, and foreign bank branches), whether owned by these banks or by the K-Net Company, and are used to process cash withdrawal operations carried out through plastic cards, as well as other banking transactions.

Symbols and Notes

... Not Available   * Provisional, or estimated figures
. Not Applicable   x Revised figures
- Magnitude zero or insignificant   n New tables
1 Significant breaks in the homogeneity of a series are indicated by a horizontal or vertical line across the series.   2 The slight discrepancies in totals or percentages are due to rounding.

Notes

  1. Tables in this bulletin encompass the available data at local banks and investment companies registered with CBK.
  2. As of December 2004 tables in this publication encompass data updated according to the Islamic Banking Supervision (IBS) forms, in addition to data on the BNP Paribas Bank (Kuwait Branch) as of March 2005, the HSBC Middle East Bank (Kuwait Branch) as of September 2005, the National Bank of Abu Dhabi (Kuwait Branch) as of November 2005, the Citibank (Kuwait Branch) as of April 2006, the Qatar National Bank (Kuwait Branch) as of December 2007, the Doha Bank (Kuwait Branch) as of June 2008, the Mashreq Bank (Kuwait Branch) as of September 2009, and the BankMuscat (Kuwait Branch) as of March 2010. These tables also include aggregate financial data on conventional investment companies and investment companies operating according to the provisions of Islamic Sharia, as of December 2001.
  3. Deposits of the Savings and Credit Bank were reclassified under Government deposits.

Data for November 2013

Table 02: Money Supply XMLExcel

(Million Dinars)

End of Month Currency in Circulation Sight Deposits in KD Money (M1) Quasi-Money Money Supply (M2) Deposits with other Financial Institutions * Money Supply (M3)
(1) (2) (3)=(1)+(2) (4) (5)=(3)+(4) (6) (7)=(5)+(6)
Nov
2008 895.4 3,974.9 4,870.3 17,710.0 22,580.3 39.5 22,619.7
2009 994.1 4,195.6 5,189.7 19,967.8 25,157.5 24.6 25,182.1
2010 928.8 4,769.5 5,698.3 19,872.7 25,571.1 18.8 25,589.8
2011 1,165.5 5,024.0 6,189.5 21,489.0 27,678.5 14.1 27,692.6
2012
Nov 1,352.0 5,911.4 7,263.4 21,838.5 29,102.0 28.1 29,130.0
Dec 1,339.9 6,533.3 7,873.3 22,014.9 29,888.1 28.1 29,916.2
2013
Jan 1,349.5 6,634.8 7,984.3 22,185.3 30,169.6 24.1 30,193.7
Feb 1,387.9 6,493.6 7,881.6 22,868.2 30,749.8 47.5 30,797.3
Mar 1,392.4 6,514.4 7,906.8 23,159.6 31,066.4 24.5 31,090.9
Apr 1,379.0 6,677.9 8,056.9 23,346.8 31,403.7 48.1 31,451.9
May 1,459.0 6,833.6 8,292.6 23,774.9 32,067.5 75.1 32,142.6
Jun 1,433.6 7,015.8 8,449.4 23,500.6 31,949.9 81.3 32,031.2
Jul 1,515.7 6,618.7 8,134.3 23,419.8 31,554.1 85.1 31,639.2
Aug 1,405.3 6,420.5 7,825.7 23,364.9 31,190.7 76.3 31,267.0
Sep 1,463.2 6,901.4 8,364.6 23,268.4 31,633.0 68.8 31,701.7
Oct 1,460.6 6,976.3 8,437.0 23,661.6 32,098.6 83.9 32,182.5
Nov 1,443.2 7,136.2 8,579.3 23,751.0 32,330.3 78.7 32,409.0
End of Month Currency in Circulation Sight Deposits in KD Money (M1) Quasi-Money Money Supply (M2) Deposits with other Financial Institutions * Money Supply (M3)
(1) (2) (3)=(1)+(2) (4) (5)=(3)+(4) (6) (7)=(5)+(6)

*
Private sector deposits with deposit-taking investment companies.

Data as of :13-02-2014

All data is the property of Central Bank of Kuwait.

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