Bahrain keeping dollar peg after Kuwait forex shift

DEAD SEA, Jordan - Bahrain’s central bank governor said on Sunday Bahrain’s currency policy had not changed after Kuwait dropped its dollar peg and adopted a basket of currencies.

By (Reuters)

  • Follow us on
  • google-news
  • whatsapp
  • telegram

Published: Sun 20 May 2007, 6:33 PM

Last updated: Sat 4 Apr 2015, 11:06 PM

“Our position is clear. There is no change,” Rasheed al-Maraj told Reuters on the sidelines of the World Economic Forum in Jordan. Bahrain and four other Gulf oil producers preparing for monetary union with Kuwait, peg their currencies to the dollar.

Kuwait’s central bank began pegging its dinar to a basket of currencies on Sunday, dropping a dollar peg adopted in 2003 to prepare for monetary union.


More news from