Kuwait’s cash reserve with the International Monetary Fund during December maintained the same level as last November at the level of 236.5 million dinars, which is the same record level that was achieved last July, according to the Central Bank of Kuwait data for the month of December 2021.
On an annual level, the volume of Kuwaiti reserves deposited with the International Monetary Fund at the end of last December increased by 7.9%, at a value of 17.3 million dinars, compared to their levels of 219.2 million dinars at the end of December 2020, reports Am – Anba daily.
The reserve position in the International Monetary Fund consists of the reserve tranche, that is, the amounts of foreign currency that a member country may withdraw from the International Monetary Fund within a short period, and a debt to the International Monetary Fund (according to a loan agreement) in the account of public resources, which are at the disposal of the member country, including the country’s lending to the IMF under the General Agreements to Borrow, the New Agreements to Borrow, and claims on the Fund released in SDRs are foreign currency claims.
The volume of Special Drawing Rights during last December also maintained the same levels in November, October and September 2021, reaching 1.36 billion dinars, which are international reserve assets created by the International Monetary Fund as a supplemental reserve asset to the reserve assets of the member countries of the Fund, and the Fund distributes the Special Drawing Rights among its members on The basis of the percentages of their shares in the fund.
Read Today's News TODAY... on our Telegram Channel click here to join and receive all the latest updates t.me/thetimeskuwait
