NO. 39


Financial and Banking News

Financial Policy

Kuwait to Lift Deposit Withdrawal Restrictions, Rejects Devaluation of KD

The Central Bank has raised the ceiling on withdrawals from Kuwaiti bankaccounts to KD6,000 per person per month, effective from 1 July. The previousmaximum, in force since banks reopened in Kuwait in March, was KD4,000. In statements carried in the Kuwaiti press on 26 June, the Central Bank alsoannounced its intention to scrap all withdrawal...