Published On: Wed, Feb 11th, 2015

Foreign currencies steady vis-a-vis Kuwaiti dinar

Kuwaiti dinar

Kuwaiti dinar

The US dollar steadied vis-a-vis the Kuwaiti dinar on Tuesday exchanging at KD 0.295 and the euro followed suit posting KD 0.334, as compared to Monday’s rates.
The Central Bank of Kuwait (CBK) said on its electronic website that the Sterling Pound stabilized at KD 0.450, along with the Swiss franc at KD 0.319, and the Japanese yen as well at KD 0.002.
Financial markets have been witnessing precarious calm in anticipation of revelations by the US labor market and outcomes of the Greek financial crisis.
Greece has warned that if the nation fails to default on its debts and is thus compelled to quit the euro zone, other regional countries will follow suit, therefore, destiny of the euro will be in question.

Source : KUNA Kuwait News agency

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