Kuwait lets dinar appreciate further

The Central Bank of Kuwait has allowed its currency, the dinar, to appreciate against the dollar for the third time in two months. The dinar subsequently appreciated by 1.7%.

Kuwait ended the dollar peg of its currency in May, instead linking it to a basket of currencies. The explanation for this was that the falling dollar had "negative effects" on the Kuwaiti economy and was contributing to local inflation.

The make-up of the basket has not been disclosed by the central bank, but experts agr

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