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Post # 1
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Join Date: 27 Apr 2010
Location:  KuwaitPosts: 303 |
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Currency basket helped curb inflation: Kuwait |
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Kuwait's decision three years ago to unpeg its currency, the dinar, from the US dollar and revert to a basket of currencies has benefited its economy and curbed spiralling inflation, the emirate's financial leaders have said.
Although its partners in the six-nation Gulf Cooperation Council (GCC) are still pegging their currencies to the dollar, Kuwait's currency basket will not affect plans to launch a single GCC currency, they said. |
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