FINANCIAL AND BANKING NEWS
BUDGETS AND REVENUES
Kuwaiti Official Foreign Assets at New 15-Year Low
The monthly balance sheet of the Central Bank of Kuwait for March shows thatafter a minor recovery during the first two months of the year, the Bank'sforeign assets have dropped to the lowest level for 15 years, at KD355mn($1.2bn). This is 11% below the previous low point, which was reached at the endof last year (MEES, 6 February). At the same time the volume of the...