NO. 48


Financial and Banking News

Gulf Crisis

Central Bank of Kuwait Arranges Support for Kuwaitis Stranded Abroad

The Central Bank of Kuwait was expected to issue further guidelines on 1September regarding the extent to which it would indemnify other GCC centralbanks which are converting Kuwaiti dinars at pre-invasion rates of exchange.The GCC commercial banks have been managing a scheme, operated by theircommercial banks, under which Kuwaiti passport holders can...