The USD exchange maintained stability against the Kuwaiti dinar, on Monday, at KD 0.288, and the euro followed suit maintaining the level of KD 0.368, compared with Sunday’s rates.
The sterling exchange rate also remained stable, at KD 0.464, but the Swiss franc fell to KD 0.304 and the Japanese yen retained the level of KD 0.003, said the daily bulletin of the Central Bank of Kuwait (CBK).
Meanwhile in the US, the Federal Reserve Bank (the Central Bank), indicated that global economic recession might lead to delaying an interest rise, thus causing drop of demand for the green-back, amid negative economic conditions, worse than previously anticipated.
In Europe, the UK is expected to lift the interest rate, coinciding with forecast that the European Central Bank (ECB) may offer further monetary incentives.
Source : KUNA Kuwait News agency
