July 18, 2020 / 5:10 PM / 19 days ago

Kuwait central bank says currency strong in statement issued after emir hospitalised

KUWAIT (Reuters) - Kuwait’s central bank governor issued a statement on Saturday noting the strength and stability of the country’s currency, which is pegged to a weighted basket of the oil-exporting nation’s big trading partners.

The statement sent to Reuters came after the state news agency reported that Kuwait’s 91-year-old emir had been admitted to hospital and that the crown prince would temporarily exercise some of the ruler’s constitutional duties.

Reporting by Ahmed Hagagy; Writing by Ghaida Ghantous; Editing by Hugh Lawson

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