Central Bank's foreign currency reserves stand at 7.98 billion dinars
The Central Bank of Kuwait revealed a decline in its foreign currency assets and reserves during September 2026 compared to the previous month and the beginning of the year.
Translated by Qiyas from الراي — Original source
- Assets: KD 8.54 billion
- Currency in circulation: 1% increase
- Local banks’ accounts and deposits: KD 2.46 billion
- Government accounts: KD 1.21 billion
- Banks’ deposits, accounts, and loans: KD 360.3 million
- Other liabilities: KD 322.4 million
The Central Bank of Kuwait’s assets stood at KD 8.54 billion at the end of September 2026, a decline of approximately KD 2.58 billion compared to KD 11.12 billion in December 2025, representing a 23.2% drop since the beginning of the year. On a monthly basis, assets fell by KD 145.4 million, or 1.3%, compared to KD 8.69 billion at the end of August.
Data from the Central Bank showed that foreign exchange reserves, comprising cash balances, bonds, certificates of deposit, treasury bills, and foreign currency deposits, decreased by KD 436.6 million, or 4%, during September, to reach KD 7.98 billion, down from KD 8.42 billion in August. Since the beginning of the year, reserves have fallen by KD 2.85 billion, or 26.3%, compared to KD 10.83 billion in December 2025.
Conversely, deposits, current accounts, and loans for local banks and institutions rose to KD 360.3 million. Gold reserves remained stable at KD 31.7 million. Other assets increased by 4.3% on a monthly basis, or by approximately KD 11.3 million, to reach KD 171.5 million, although they recorded a year-to-date decline of 33.7%, or approximately KD 87.1 million.
On the liability side, local banks’ accounts and deposits at the Central Bank fell by approximately KD 2.39 billion, or 49.2%, since the beginning of the year, to reach KD 2.46 billion at the end of September, down from KD 4.85 billion in December 2025. On a monthly basis, these accounts declined by approximately KD 34.7 million, or 0.7%.
In contrast, the General Reserve Fund rose to KD 2.34 billion, an increase of KD 399.3 million, or 20.5%, during September. Government accounts at the Central Bank fell by KD 162.1 million, or 11.8%, since the beginning of the year, to reach KD 1.21 billion, down from KD 1.37 billion in December. During September, government accounts also declined by approximately KD 67.1 million, or 4.9%, compared to KD 1.28 billion in August.
Currency in circulation stood at KD 1.95 billion, up by KD 19.2 million, or 1%, since the beginning of the year, but it fell by approximately KD 29.4 million, or 1.5%, during the month. Insurance against letters of credit declined by approximately KD 36.6 million, or 26.1%, since the beginning of the year, to reach KD 103.3 million, down from KD 139.9 million in December. Other liabilities fell by approximately KD 327.7 million, or 50.4%, to KD 322.4 million, compared to KD 650.1 million.
Conversely, accounts of international institutions rose by 20.6%, or approximately KD 9.3 million, to reach KD 54.4 million. The special account also increased by 36.6%, or approximately KD 25.5 million, to reach KD 95.2 million.