Browse
related articles
Kuwait pegs to US dollar
- Kuwait: Sunday, December 29 - 2002 at 14:02
Kuwait is set to peg its dinar to the US dollar on January 1, 2003, making it the last Gulf state to do so, in line with Arab Gulf Cooperation Council (AGCC) plans to introduce a single currency by 2010. The Kuwaiti dinar has been pegged to a basket of currencies, mainly the US dollar, but from 01/01/2003 will be officially pegged only to the dollar. The Central Bank of Kuwait (CBK) will fix the exchange rate but will also set a minimum and maximum ceiling within which the rate will fluctuate.
Related Content
Article Options
Log in to request more information
Peter J. CooperSunday, December 29 - 2002 at 14:02 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
This article was updated on Sat Jan 11 2003.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
