Emerging Markets Rates and Currencies Handbook

Kuwait (KWD - Kuwaiti Dinar) Citi in Kuwait Citi Kuwait has been a fully licensed bank since 2006. The bank has been offering a full range of corporate banking services, including traditional trade, lending and hedging products to major corporations, as well as public sector and financial institutions operating in the country. Market Overview KWD is a freely traded currency. The market believes that the appropriate value of the currency is derived from a basket of currencies which is not disclosed by central bank. These currencies are USD, EUR, GBP and JPY. Main Currency Pairs: USDKWD; EURKWD. Kuwait Inter Bank Offer Rate (Kibor), is published daily by the Central Bank of Kuwait at 8.00am. Convertibility USDKWD is freely convertible. 112