• HSBC

Kuwait not eyeing return to US dollar peg

  • Kuwait: Monday, September 28 - 2009 at 10:32

Kuwait's central bank governor has said that he does not see any benefit in linking the country's currency back to the US dollar. 'We do not see a need or benefit in this stage, that could be achieved from giving up the current policy of linking the Kuwaiti dinar to a basket of currencies,' Sheikh Salem Abdul-Aziz al-Sabah was quoted as saying by Kuwait's daily Awan.

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