Kuwait’s Central Bank allowed the dinar to appreciate against the dollar for the second time in a week, up 0. The dollar declined to a record low last month against the euro, the 13-nation European currency in which Kuwait pays for more than a third of its imports. Annual consumer price inflation in the Middle East’s fourth-largest oil exporter at the end of May was 5. Inflation rose above 5pc in March for the first time in at least a decade, and compares with an historical average of less than 2pc, according to Deutsche Bank AG. Kuwait’s All Items Consumer Price Index was 116. read more
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