Dollar tie-up won't affect currency says Kuwait

KUWAIT - Kuwait said yesterday a decision to link its currency fully to the dollar was not expected to weaken the dinar nor trigger inflation.

An official decree sanctioning the move as of 1 January 2003 was issued in this week's official gazette, ending Kuwait's 27-year-old policy of linking its currency to a basket of currencies dominated by the dollar. The Japanese yen and the euro are also main components of the basket Gulf Daily News reported.

"The decision by the government is very clear