(Bloomberg) -- Kuwait strengthened its currency 1.7
percent against the dollar, its second adjustment of the dinar's
value this month after it dropped a peg to the U.S. currency in
May.
The Central Bank of Kuwait is buying dollars at 0.28195 and
selling at 0.28205, 1.7 percent higher than its previous
reference rate, according to data posted on its Web site today.
When it adjusted the rate by 0.4 percent July 20 the dinar made
its biggest one-day gain against the dollar in more than a year.
Read more at Bloomberg Currencies News
percent against the dollar, its second adjustment of the dinar's
value this month after it dropped a peg to the U.S. currency in
May.
The Central Bank of Kuwait is buying dollars at 0.28195 and
selling at 0.28205, 1.7 percent higher than its previous
reference rate, according to data posted on its Web site today.
When it adjusted the rate by 0.4 percent July 20 the dinar made
its biggest one-day gain against the dollar in more than a year.
Read more at Bloomberg Currencies News
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