CBK has done it again… March 16, 2008
Posted by mylastresort in analysis.Tags: kuwait, Central Bank of Kuwait, US Dollar, Peg, Dollar KD, KD appreciation, CBK target, Rate, Daily, Kuwaiti Dinar, Pegging, fils, Chart
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Kuwait let its dinar currency rise 0.79% against the dollar on Sunday, the
second-biggest one-day jump since it dropped its peg to the U.S. dollar in May 2007.
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1 US Dollar is equal to 0.26700 fils, versus 0.26910 fils on Thursday
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The biggest jump since July 25 ‘07
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The cumulative gain on the KWD is 8.29% (expected around 15%)
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