The exchange rate of the US dollars against the Kuwaiti dinar was stable at KD 0.291 on Monday, while the euro was stable at KD 0.360 compared to Sunday.
The Central Bank of Kuwait said in its daily bulletin that the sterling was stable at KD 0.455, the Swiss franc dropped to KD 0.299, and the Japanese yen was unchanged at KD 0.003.
The US dollar had risen this week, attracting large numbers of investors, mainly due to positive reports released by the Federal Reserve about a prominent development in economy.
As for the Euro zone, initial reports released last week showed that the development of industrial production recorded a lower rate than expected during last month. The reports’ data led to a wide-spread jitters in the continent towards economic development.
Source : KUNA Kuwait News agency
