The Central Bank of Kuwait (CBK) on Monday issued CBK bonds and related Tawarruq worth KD 240 million (US$792 million) payable in three months.
According to a CBK statement carried by state news agency KUNA, the new securities have a return rate of 2.625 percent.
On August 8, the bank issued bonds and Tawarruq valued at KD 160 million (US$ 526 million), with a three-month term and return rate of 2.375 percent.
Earlier also, the bank raised its discount rate by 25 basis points to 2.75 percent. The decision was in response to inflationary pressures, bank Governor Basel al-Haroon said in the statement.
The bank had also increased the rate by 25 bps on July 27, after a 75 bps hike by the US Federal Reserve.
All Gulf countries have their currencies pegged to the dollar except Kuwait, which pegs its dinar to a currency basket including the dollar.
