The Central Bank of Kuwait (CBK) has issued bonds and Tawarruq with an accumulated value of 360 million Kuwaiti dinars ($1.2 billion).
In a statement, CBK announced the maturity period will be six months, with a rate of return standing at 2 percent.
Tawarruq is a financing arrangement where the buyer can obtain cash immediately through a series of sale transactions.
On May 23, Kuwait’s Central Bank allocated bonds and Tawarruq valued at 240 million Kuwaiti dinars with three-month maturity and a yield rate of 1.625 percent.
