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Iraq dinar is a long-term betMany Iraqis have lost faith in their dinar currency but to some foreign speculators, it promises big profits. The contrast underlines the uncertainties of investing in Iraq as the country recovers from years of war and economic sanctions. More… |
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Bahraini dinar-dollar peg safe say analystsThe central bank's tight control over the foreign exchange market, and the possibility of other Gulf countries providing financial support, mean there is no threat to Bahraini dinar's peg against the US dollar, analysts said. Bahra More… |
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Bahrain cbank warns against defaced notesThe Central Bank of Bahrain has alerted the public to be cautious when dealing with Bahraini dinar notes that have been defaced with written marks or drawings. This warning is issued in order to avoid such notes being rejected when transac More… |
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Kuwait allows big dinar riseKuwait let its dinar currency rise 0.79 percent against the dollar on Sunday, the second-biggest one-day jump since it dropped its peg to the US dollar in May, and taking the cumulative gain to 8.29 percent. The dinar will trade around a m More… |
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Bahrain to issue new dinar notes on MondayThe Central Bank of Bahrain (CBB) will release new Bahrain banknotes for circulation on Monday (March 17). The new banknotes are being issued in the existing denominations of BD20, BD10, BD5, BD1 and BD1/2. No change is being made to the c More… |
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Kuwait's revenue doubles to $56bnKuwait's actual state revenue in the first 10 months of the 2007/08 fiscal year stood at almost double the budget forecast. Two months before the end of the year to March, revenue amounted to 15.35 billion dinars ($56.31 billion), compared More… |
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Kuwait dinar jumps as dollar hits record lowKuwait let the dinar make its biggest one-day gain this year on Wednesday after the dollar slid to a record low above $1.50 to the euro on US data that signalled the world's largest economy is headed for recession. Kuwait is the only Gulf More… |
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Kuwait lets dinar rise for third dayKuwait allowed the dinar to rise against the dollar for a third day to a new 19-year high on Wednesday after the US currency extended losses on global markets. The dinar will trade around a mid point of 0.27390 per dollar compared with 0.2 More… |
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Speculators part of the systemThe governor of the Central Bank of Bahrain became rather vocal over the weekend as the dinar and other GCC currencies continue to come under pressure. He accused foreign banks of unethically piling pressure on Gulf currency pegs with the More… |
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Bahrain 'may opt for riyal peg'Bahrain may choose to fix its dinar to the Saudi Arabian currency if other Gulf countries decide to abandon dollar pegs, a report said. Oman could keep its rial pegged to the tumbling US dollar, Citigroup was quoted as saying by Gulf Daily More… |
