KUWAIT, Aug 2 KUNA) -- The Kuwaiti dinar exchange rate against the dollar stabilized at KD 0.272 per dollar, whereas it stood still against the euro at KD 0.391, the state's official monetary body, the Central Bank of Kuwait, said on Tuesday.
Meanwhile, the Kuwaiti dinar was also stable at 0.447 per Sterling pound, and kept to KD 0.003 per Japanese yen. The dinar stool at KD 0.343 per Swiss franc, the daily CBK bulletin said.
The increase of the US dollar exchange rate came after US President Barak Obama announced that democrats and republicans have agreed to raise the US debt ceiling to USD 14,3 trillion until year 2012, which was a positive sign toward greater economic recovery in the world.(end) mfs.ysa.nfm KUNA 021238 Aug 11NNNN
