NO. 26


Financial and Banking News

Loans & Issues

Central Bank of Kuwait Resumes Foreign Exchange Sales

The Central Bank of Kuwait has ended the arrangement under which it madedollars available only to the local commercial banks and is understood to havebegun issuing dollars to local foreign exchange houses at the beginning ofMarch. The arrangement between the commercial banks and the Central Bank wasintroduced in late 1988 as a way of controlling access to dollars and...