Dinar gains 9% after de-peg
Kuwait: Saturday, April 12 - 2008 at 08:45
The Kuwaiti dinar has gained a cumulative 9.07% since dropping peg to the US dollar, and has let its currency rise its peak to the dollar in 26 years as dollar continued weakness, reported Reuters. Saudi Arabia, the United Arab Emirates and Qatar are among Gulf Arab states under pressure to drop their pegs to the dollar, but has remained committed to the currency.
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Medilyn Manibo, Assistant News EditorSaturday, April 12 - 2008 at 08:45 UAE local time (GMT+4)
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