Kuwait's central bank will keep pegging its dinar to a currency basket for the foreseeable future, and prefers not to rush plans for a Gulf single currency, Governor Sheikh Salem Abdul-Aziz Al-Sabah said on Thursday. Kuwait is the only Gulf country tracking a currency basket after it broke ranks with fellow dollar-pegging oil producers in 2007 to keep surging inflation in check. “The present exchange rate arrangement is serving the Kuwaiti economy well and there is no reason for, or net benefit of, changing it,” Sheikh Salem said.
