Kuwait Dinar Rallies Most in More Than Year as Central Bank Switches Rate

(Bloomberg) -- The Kuwaiti dinar jumped 0.5 percent
against the dollar today, its biggest one-day gain in more than a
year, after the central bank changed the rate at which it buys
and sells dollars.

The Central Bank of Kuwait is buying dollars at 0.28695 and
selling at 0.28685, 0.4 percent higher than its previous
reference rate, Monica Malik, economist at EFG-Hermes, said in a
telephone interview.


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