Kuwait considers revaluing dinar

Kuwait expects annualised inflation in 2007 to match the 3.1 per cent recorded last year.

     Kuwaiti dinar is trading against the dollar at the strong end of its 3.5 per cent band [AP]

    "Inflation is one of the drivers," he said, adding the government expected annualised inflation in 2007 to match the 3.1 per cent recorded last year.

    "Kuwait moved from a basket (of currencies) to the dollar. We are considering whether this is the right idea and what benefits we are from getting this," Humaidhi said.

     

    SOURCE: Agencies


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