KUWAIT'S FOREIGN ASSETS AND ADJUSTED NET FOREIGN SUFFICIENT FOR 24.9 YEARS TO MAINTAIN EXCHANGE RATE AGAINST DOLLAR

  • 05/02/2022

Kuwait City: According to the "MUFG" group for investor services, Kuwait's foreign assets amounting to about $578 billion, and the adjusted net foreign assets amounting to about 34.8 billion, are sufficient for 24.9 years to maintain the dinar's exchange rate against the dollar, based on the evaluation of funds based on the money supply in its narrow sense (M1). 


The UAE ranked first in the Gulf, with its foreign assets totaling approximately $920 billion and its adjusted assets (140 billion) sufficient for 41.5 years to sustain the current exchange rate of its currency against the dollar, while Saudi Arabia's foreign reserves totaling approximately 702 billion and its assets adjusted by approximately 381.8 billion are sufficient for 8.7 years to sustain the current exchange rate of its currency in dollars.

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