NO. 4


Financial and Banking News

Gulf Crisis

Gold and Currency in Kuwait's Central Bank Totaled $2bn, Says Governor

The Central Bank of Kuwait's vaults contained gold ingots worth $800mn andKD365mn ($1,225mn) in Kuwaiti dinar notes, according to the bank's Governor,Shaikh Salim 'Abd al- 'Aziz al-Sabah. These estimates, which were given by theGovernor during a press conference in London on 19 October, are much higher thanprevious figures quoted by Kuwaiti officials. In an...