Central Bank: Money Supply Increased 1.6% Year-on-Year to KD 42.8 Billion in September
Central Bank of Kuwait data shows an increase in money supply and credit balances in September 2026, with exchange rates remaining stable.
Translated by Qiyas from الوسط — Original source
The monthly monetary statistics issued by the Central Bank of Kuwait for September 2026 showed that balances of monetary credit facilities used by residents and non-residents rose by 6.4% on an annual basis, reaching KD 66.16 billion. Meanwhile, the broad money supply (M2) increased by 1.6% to KD 42.83 billion.
According to data published on the bank’s website, the money supply rose by 0.2% compared to August and by 1.7% compared to December 2025. Total assets of local banks increased by 1.1% on a monthly basis and by 6.3% annually, reaching KD 105.92 billion.
Net foreign assets of local banks stood at KD 17.29 billion, up 1.7% from the previous month, 17.1% on an annual basis, and 16% compared to December 2025.
Regarding deposits, resident private sector deposits in Kuwaiti dinars amounted to KD 38.89 billion, up 0.1% monthly and 0.8% annually. Foreign currency deposits rose to KD 2.3 billion, increasing by 2.3% on a monthly basis and 17.5% annually.
On the other hand, total assets of the Central Bank of Kuwait declined by 1.7% in September, reaching KD 8.54 billion. Net foreign assets at the central bank fell by 5.2% on a monthly basis and by 29.7% annually, to KD 8.01 billion.
The balance of public debt instruments rose to KD 3.9 billion, up 2.6% compared to August, 143.8% on an annual basis, and 73.3% compared to December 2025. Time deposits at the central bank decreased to KD 193 million, down 41.3% in September, 72.4% annually, and 67.8% compared to December 2025.
In terms of trade finance, Kuwaiti import financing paid amounted to KD 359.6 million, up 26.4% compared to August, but down 56.9% on an annual basis and 63.9% compared to December 2025.
Data showed that the balance of Central Bank of Kuwait securities and corresponding repurchase agreements at local banks reached zero in September. The average exchange rate of the US dollar remained stable at 307.1 fils per dinar, unchanged from the previous month, up 0.7% on an annual basis and 0.5% compared to December 2025.
