VOL. XLVI

No 7

17-February-2003

KUWAIT

NBK Examines Impact Of Exchange Rate Policy Change On Interest Rates

Kuwaits interest rate policy need not be affected by the recent change in the countrys foreign exchange policy according to a 1 FebruaryEconomic Brief from National Bank of Kuwait (NBK) that examines the relationship between the two. The Kuwaiti government announced last year that on 1 January 2003 it would peg the Kuwaiti Dinar (KD) exclusively to the dollar and not a basket of currencies...