03 · Released data + MER reconstruction
Kuwait Dinar Basket
Latest fixing 03 Nov 2026 · charts sampled month-end (current month = latest data) · FX from 2008 · reserves & adequacy annual from 2001, monthly from 2020
This version built 2026-11-04 03:13 UTC
USD/KWD fixing
0.30805
CBK, 03 Nov 2026
KIBOR 3M
3.5625%
CBK main indicators, 03 Nov 2026
KONIA
3.450%
overnight RFR, 02 Nov 2026
Official reserves
9.64
KWD bn, Sep 2026
Reserves / M2
22.5%
Sep 2026 · guideline 20%
IMF ARA coverage
79.9%
MER nowcast · October 2026 issue · as-of Sep 2026 · below the 100% floor
Scroll to zoom, drag to slide through time, on any panel · hold the middle mouse button
(or Shift) and drag to select a window · every panel follows ·
double-click to reset · click any legend entry to hide or restore it · shaded bands mark NBER-dated US recession monthsTap
a chart for values, drag one sideways to slide through time · the range buttons and
month pickers set the window, every panel follows · tap any legend entry to hide or restore it · shaded bands mark NBER-dated US recession months
The basket, tracked
Source: Macro Edge Research · CBK fixings and market CHF crosses (the basket paper's dataset)
Tracking residual
Source: Macro Edge Research · CBK fixings and market CHF crosses (the basket paper's dataset)
USD weight
Source: Macro Edge Research · CBK fixings and market CHF crosses (the basket paper's dataset)
EUR / JPY / GBP weights
Source: Macro Edge Research · CBK fixings and market CHF crosses (the basket paper's dataset)
The anchor pair
Source: Macro Edge Research · underlying data Central Bank of Kuwait; adequacy inputs CBK NSDP, IMF Article IV, World Bank, FRED
KWD vs the majors
Source: Macro Edge Research · underlying data Central Bank of Kuwait; adequacy inputs CBK NSDP, IMF Article IV, World Bank, FRED
Reserve cover
Source: Macro Edge Research · underlying data Central Bank of Kuwait; adequacy inputs CBK NSDP, IMF Article IV, World Bank, FRED
IMF ARA coverage
Source: Macro Edge Research · underlying data Central Bank of Kuwait; adequacy inputs CBK NSDP, IMF Article IV, World Bank, FRED · plotted by data month: each Monitor issue's headline number sits at its as-of month, not its publication month
Official reserves
Source: Macro Edge Research · underlying data Central Bank of Kuwait; adequacy inputs CBK NSDP, IMF Article IV, World Bank, FRED
Money supply (M2)
Source: Macro Edge Research · underlying data Central Bank of Kuwait; adequacy inputs CBK NSDP, IMF Article IV, World Bank, FRED
Sources & methods Pairs are quoted market-convention X/KWD - the dinar price of one unit of X - so a rising line means that currency dearer and the dinar weaker; the basket chart plots the inverse pair KWD/CHF, where rising means a stronger dinar. The MER synthetic basket is Macro Edge Research's reconstruction of the CBK's undisclosed peg basket using the rounded weights USD 85% / EUR 10% / JPY 3% / GBP 2%; the CHF-numeraire weekly series behind the basket charts uses market crosses, which differ from CBK's fixing time by a small timing basis. CBK publishes fixings Sunday through Thursday (Kuwait weekend Friday-Saturday) and does not disclose the actual weights. Series on rebased charts index to 100 at their first value inside the selected range, so only drift inside the window shows; the basket series aggregate to Friday-labeled weeks, so their right edge can trail the fixing charts by a few days. Reserves, M2 and the adequacy ratios publish at roughly a one-month lag. Reserves and adequacy plot year-end annual observations through 2019 (World Bank and FRED long-arc) and monthly CBK NSDP data from 2020, with R/M2 chain-linked across the 2020 M2 sectoral reclassification; ARA values before 2013 are anchored to the IMF's Article IV historical chart, year-end values from 2013 are IMF labeled actuals with MER-computed monthly readings between anchors, and readings after end-2025 are MER's damped-Holt nowcast. CBK books monetary gold at the fixed 1978 decree price (KWD 12.500 per ounce); the reserves chart's optional market-value line is a latest-stock historical estimate. It infers gold ounces from the latest monthly snapshot book value and the decree price, then applies that stock to each month's last daily gold price (spot through mid-July 2026, then the active gold futures contract, restated at contract rolls) and CBK USD fixing; it does not measure holdings in each historical month. Nowcast months are written as data arrives and are not routinely restated; the definitive record of what each issue published is the issue itself, and the tile carries the latest issue's value. Methodology and the monthly record: the research catalog carries every Monitor issue and the two working papers (the Frankel-Wei basket paper and the ARA nowcast paper).
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