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'Kuwait to let dinar rise 3%
KUWAIT: Kuwait's central bank is expected to allow its dinar currency to appreciate by 3 percent in the next six months to check inflation and soak up cash pouring into the oil exporter's economy, Deutsche Bank said in a report. The dinar, like the currencies of five other Gulf Arab oil producers, is pegged to the dollar which has tumbled for much of the past 18 months and touched a record low against the euro in April.
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