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Sovereign Wealth Funds Briefing - Categorized | Trends

Davos: Kuwait wealth fund warns of currency war

Posted on 28 January 2013

The decline of the yen could spark a currency war in southeast Asia, Badr al-Saad, the head of Kuwait’s sovereign wealth fund, said. The Chinese economy will grow between 7.7 per cent to 8 per cent over the next two years, far better than developed economies, al-Saad, the managing director of Kuwait Investment Authority (KIA), told pan-Arab network al-Arabiya at the World Economic Forum in Davos, Switzerland.
“The only fear is the decline of the yen. The decline of the yen could trigger a currency war in the countries of southeast Asia, this is the only fear we have at the moment,” he said………………………………………..Full Article: Source


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