News analysis: Gulf economies: divided we stand
In May, the Central Bank of Kuwait announced the decision to abandon its dollar peg and link the dinar to a basket of currencies that includes the dollar, the sterling and the yen. While surprised by the announcement, observers were not shocked. The new arrangement is in fact a return to the policy that existed before the peg. Markets were unruffled, although the policy shift was followed by an immediate upward revaluation in the dinar of about 0.4%.
For a country as dependent on oil as Kuwait
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]ntralbanking.com
More on Financial Stability
