Kuwait’s foreign currency reserves fell by approximately 312.7m dinars to reach 10.338b dinars
. . . compared to 10.651 billion dinars in March
The balance of foreign currency reserves held by the Central Bank of Kuwait, including cash balances, bonds, certificates of deposit, treasury bills and foreign currency deposits, declined by 2.88 percent during April 2026.
The reserves fell by approximately 312.7 million dinars to reach 10.338 billion dinars, compared with 10.651 billion dinars in March.
Data released by the Central Bank also showed that foreign exchange reserves have declined by 4.57 percent since the beginning of the year, representing a decrease of nearly 494.7 million dinars compared with 10.833 billion dinars recorded in December 2025.
The Central Bank’s total assets also registered a notable decline, dropping by 4.46 percent on a monthly basis, or around 496.6 million dinars, to stand at 10.54 billion dinars in April compared with 11.037 billion dinars in March. Since the start of 2026, total assets have fallen by 5.24 percent, equivalent to approximately 583 million dinars.
Meanwhile, the value of the Central Bank’s gold holdings remained unchanged at 31.7 million dinars during the first four months of the year. Other assets declined by 3.24 percent month-on-month to 170.3 million dinars and dropped sharply by 34.14 percent compared with December levels.
On the liabilities side, the Central Bank’s total liabilities mirrored the decline in assets, falling by 4.46 percent in April to 10.54 billion dinars. Cash in circulation, however, increased by 13.97 percent since the beginning of the year, rising by around 269.9 million dinars to reach 2.2 billion dinars, despite recording a slight monthly decline compared with March.
Government accounts held with the Central Bank recorded one of the strongest increases, surging by 46.93 percent since the start of the year to 2.015 billion dinars, compared with 1.371 billion dinars in December. On a monthly basis, these accounts rose by nearly 43.89 percent, reflecting a substantial increase in government liquidity.
The data also showed a decline in local banks’ accounts and deposits with the Central Bank, which fell by 32.33 percent since the beginning of the year to 3.28 billion dinars. Monthly figures indicated an additional drop of 25.12 percent compared with March, signaling tighter banking liquidity conditions.
Insurance balances against letters of credit decreased by 17.22 percent since December, while accounts belonging to international institutions and special accounts posted moderate gains.
Central Bank bonds were reduced by half compared with December levels, and other liabilities fell sharply by more than 42 percent, highlighting broader balance sheet adjustments within the monetary authority during the first months of 2026.
