Financial and Banking News
BUDGETS AND REVENUES
Kuwait Central Bank Assets Drop to All-Time Low
According to the latest monthly balance sheet of the Central Bank of Kuwaitfor the month of October, the bank's foreign assets have dropped by KD45mn(7.9%) to an all-time low of KD528mn. The reasons for this drop are related tothe complex relationship between the Central Bank and the Ministry of Finance,and to the fact that since the government's borrowing program began...