NO. 7


Financial and Banking News

Budgets and Revenues

Recovery in Kuwait's Forex Assets Leads to Resumption of CurrencySwaps

The foreign assets of the Central Bank of Kuwait rose for the thirdsuccessive month in September to reach a 16-month high of KD678.2mn, comparedwith KD570.1mn at the same time last year. Although still below the averagerange for the Bank's foreign assets before 1988, the September figure indicates that there is a return to normalcy after a period...