Kuwait allows dinar depreciation
Kuwait: Thursday, July 26 - 2007 at 14:11
Kuwait allowed its dinar to depreciate 0.11% against the dollar on Thursday, a day after an appreciation of 1.7%, Reuters reports. The central bank changed the dinar rate to 0.28230 from 0.28200. The depreciation comes after the dollar strengthened on Wednesday. Kuwait measures the dinar against a basket of currencies having dropped a dollar peg in May.
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James McInerney, News EditorThursday, July 26 - 2007 at 14:11 UAE local time (GMT+4)
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