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CBK Raises Deduction Rate by 0.25 pct

Source: www.export-egypt.com 12/16/2015, Location: Middle East

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The board of directors of the Central Bank of Kuwait (CBK) decided Wednesday to raise the deduction rate by 0.25 percent to 2.25 percent.

CBK Governor Dr. Mohammad Y. Al-Hashel said the decision stems from the CBK firm commitment to ensuing the competitive edge of the national currency and enabling the main sectors of the economy to overcome the challenges of the current stage.

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