Financial and Banking News
LOANS AND ISSUES
Where Have All the T-Bills Gone?
There has been some controversy in recent months about the way in whichKuwait's treasury bond and bill issuance scheme has been handled. Commercialbankers in the country tend to complain that the Central Bank manipulates localliquidity in order to create artificial demand for the paper, and that it oftenheavily underallocates issues. For its part the Central Bank points to the factthat every...