The Kuwaiti dinar will not be affected by the classification or inflation as nearly one trillion dollars of reserves, assets and gold support the dinar’s continuation as the strongest currency in the world.
Annahar explained the stability and strength of the dinar compared to other currencies continues due to the integrated precautionary policies followed by the Central Bank, and does not allow the presence of the effects of temporary factors such as the decline of the rating or the like.
The sources indicated that there are a large number of factors and ingredients that support the dinar to brush aside the usual economic fluctuations and influences.
The sources described the Kuwaiti banking sector as the strongest in the Gulf region and the Middle East, due to its cautious monetary policy that works on the stability and strength of the local currency, noting that the decline in credit ratings will have no effect.
The sources pointed out that the Central Bank is fully committed to implementing the exchange rate system, which aims to maintain the stability of the dinar price, to help ensure its purchasing power.
It continues to adhere to policies aimed at consolidating the currency’s strength, within the framework of maintaining monetary and financial stability in the country.
The sources added linking the dinar to a basket of currencies provides an effective basis and a degree of flexibility for the exchange rate during the period of the dollar’s rise.
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