(Bloomberg) -- Kuwait held the dinar steady against
the dollar a day after the country abandoned its peg to the U.S.
currency to help curb rising import prices and inflation.
The Kuwaiti currency strengthened 0.4 percent yesterday
after the decision to dump the peg and link the dinar instead to
a basket of ``major world currencies.'' The central bank today
said it would buy dinars at 0.28811 against the dollar and sell
them at 0.28801, the same rates as yesterday.
Read more at Bloomberg Currencies News
the dollar a day after the country abandoned its peg to the U.S.
currency to help curb rising import prices and inflation.
The Kuwaiti currency strengthened 0.4 percent yesterday
after the decision to dump the peg and link the dinar instead to
a basket of ``major world currencies.'' The central bank today
said it would buy dinars at 0.28811 against the dollar and sell
them at 0.28801, the same rates as yesterday.
Read more at Bloomberg Currencies News
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