VOL. XXXII

NO. 4

31-OCTOBER-1988

Financial and Banking News

BUDGETS AND REVENUES

Kuwait Central Bank Foreign Assets Recover

The foreign assets of the Central Bank of Kuwait have recovered somewhatduring September from their all-time low of KD532.2mn in August. By the end ofSeptember the total had reached KD673mn, according to the Central Bank's latestmonthly balance sheet, although even this figure is 38% below the level recordedin January. The recovery came about after local bankers noted a...