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US greenback unchanged at KD 0,281

May 22, 2014



US greenback unchanged at KD 0,281



KUWAIT, May 22 (KUNA) -- The exchange rate of the US dollar against the Kuwaiti dinar was unchanged at KD 0,281 on Thursday, while the euro dropped to KD 0,384 compared to Wednesday.

The Central Bank of Kuwait said, in its daily price bulletin, that the pound sterling rose to KD 0,475, the Swiss franc was unchanged at KD 0,315, and the Japanese yen was also unchanged at KD 0,002.

The US Federal Reserve has decided to keep the interest rate unchanged while also reducing stimulus measures by USD ten billion per month, to reach USD 45 billion per month.

As for the Euro zone, reports show that the development of the main European sectors slowed down in May, which is a sign that the European economy needs more support to grow.(end) mfs.tb.ag

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Source: Kuwait News Agency


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