Financial and Banking News
LOANS AND ISSUES
Kuwaiti Borrowing Restricted to Replacement Issues
Borrowing by the Kuwaiti Government will henceforth be restricted to thereplacement of retired issues of debt, according to the Governor of the CentralBank of Kuwait, Shaikh Salem 'Abd al-'Aziz al-Sa'ud al-Sabah. In a pressstatement on 14 June, the governor said that a total of KD1,603mn worth oftreasury bills has been issued since the beginning of the government's public...