4% increase in spending by Citizens and expatriates

Tuesday, August 6, 2019

Citizens and expatriates in Kuwait together spent KD 12.3 billion in the first six months of the current year, which is an increase of KD 466 million or four percent higher than the amount they spent within the same period in 2018.

According to local Arabic newspaper Al-Rai daily, quoting the statistics based on official figures from the Central Bank of Kuwait (CBK), citizens and expatriates spent more than KD 6 billion through sales points (direct purchases) in the first six months this year – KD 410 million higher than the amount spent last year.

Purchases through sales points in the country within the first six months of the year reached KD 5.6 billion – KD 421 million higher than the amount spent last year.

The amount of ATM transactions (cash withdrawal) reached KD 6.29 billion in the first half of the year compared to KD 6.24 billion in 2018.

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zak
Monday, August 5, 2019
wrong news....the increase is from the price increases which makes it appear that spending was more.... actual fact is spending has decreased if you take into consideration that price hikes were more than 5%...
please don''t fool the public... they are not duffers like before...now is the age of google....mind it !

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