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Commodities Briefing - Categorized | Currencies, Regulatory more

Kuwait devalues national currency

Posted on 05 January 2009

From Zawya.com: The Central Bank of Kuwait devalued the Kuwaiti Dinar this morning to 0.27785, following the sharp increase of the US Dollar last week,according to the weekly monetary report issued by the National Bank of Kuwait.

As to foreign currencies, the US Dollar entered the first trading day of 2009 on a firm footing. Amid holiday-thinned and choppy trade, the Dollar posted gains against the Sterling and Euro on Friday, reversing some of its recent sharp losses……Full Article: Source


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