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Tuesday , November 13 2018

Tag Archives: Kuwaiti Dinar

Money supply dips 0.1% in July

KUWAIT CITY, Sept 10, (KUNA): The Central Bank of Kuwait (CBK) showed Monday that the broad money supply (M2) declined by 0.1 percent last July compared with last June, recording KD 38.3 billion (about $125 billion). The private sector’s deposits with local banks in Kuwaiti dinars dropped by 0.3 percent …

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Sharp increase seen in Kuwaiti deposits in Iranian banks

Move tied to about 20 pc interest rate compared to that offered by local banks KUWAIT CITY, Aug 1: There has been a sharp increase in Kuwaiti deposits at Iranian banks lately due to low interest rates offered by Kuwaiti banks compared to those of their Iranian counterparts, reports Al-Qabas …

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‘Kuwait has most powerful financial plans in Gulf’

State’s financial reserves at $400 billion: reports KUWAIT CITY, Feb 26: Recent report of the City Group indicates Kuwait has one of the most powerful financial plans in the Gulf, and the country’s financial reserve is worth $400 billion through funds accumulated since 1985. Report of the Sovereign Wealth Funds …

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‘Kuwaiti Dinar most valuable currency in the world’

US dollar most circulated currency worldwide KUWAIT CITY, Dec 24: Recent report of the web application Listography indicates the American dollar is not the most valuable currency although widely circulated, reports Al-Anba daily. Report added the Kuwaiti Dinar is the most valuable currency worldwide while other Arab currencies also made …

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Kuwait currency dinar to mark its 56th anniversary – 1961 saw end of Gulf rupee

KUWAIT CITY, April 9, (KUNA): The national currency, the Kuwaiti Dinar (KD), will be celebrating its 56th anniversary as being the financial building block which helped the nation grow and expand. Before replacing the Indian Rupee in 1961, the initial plans for issuing a national currency began in 1958 during …

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Kuwait dinar down to 2009 level in forwards – Low oil prices reduce liquidity

DUBAI, Nov 24, (RTRS): The Kuwaiti dinar fell sharply against the US dollar in the forward market on Tuesday, to levels last seen in 2009, reflecting a shortage of dinars in the cash market as low oil prices reduced liquidity, bankers said. Kuwait is one of the richest of the …

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