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Exchange Risk Little Changed After Kuwaiti Dinar Pegged To US Dollar, Says NBK

Kuwaits decision to peg the dinar exclusively to the US dollar from 1 January is unlikely to change the exchange risk associated with the currency, according to a report issued by National Bank of Kuwait on 31 December. The government announced on 13 October that it would peg the dinar exclusively to the dollar (and not a basket of currencies as before) in line with other Gulf...