NO. 2

14 OCTOBER 1991

Financial and Banking News

Financial Issues

$2.7bn Transferred Out of Kuwait since August

Kuwaiti companies and individuals have transferred $2.7bn out of Kuwait sincethe lifting of withdrawal restrictions on bank accounts at the beginning ofAugust. The figure was given by the Kuwaiti Finance Minister, Mr. Nasir 'AbdAllah Rudhan, in interviews carried in the local press on 5 October. Most ofthe transfers had been made by Kuwaiti companies, some of whom were settling...