FX market round up: Kuwait ends dollar peg

The chances of a single Gulf currency receded further in May after Kuwait decided to break away from its US dollar peg and fix against a currency basket instead. At the time of writing the make-up of the basket was not known.

The chances of a single Gulf currency receded further in May after Kuwait decided to break away from its US dollar peg and fix against a currency basket instead. At the time of writing the make-up of the basket was not known.

Kuwait might set trend by abandoning currency peg

Euromoney July 2007

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