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


    YOU MIGHT ALSO LIKE

    Interactive: Take a tour through divided Jerusalem

    Interactive: Take a tour through divided Jerusalem

    Take a tour through East and West Jerusalem to see the difference in quality of life for Israelis and Palestinians.

    Stories from the sex trade

    Stories from the sex trade

    Dutch sex workers, pimps and johns share their stories.

    Inside the world of India's booming fertility industry

    Inside the world of India's booming fertility industry

    As the stigma associated with being childless persists, some elderly women in India risk it all to become mothers.