📄 Extracted Text (122 words)
22 December 2017
EM Currency Handbook 2018: Still Fuel in the Tank
Regulatory framework and approach
• The Central Bank of Kuwait regulates exchange rate policy and is responsible for implementing monetary policy
(http://www.cbk.gov.kw).
• The Kuwaiti Dinar is a fully deliverable, fully convertible currency
KW[) product
FX spot
Avg. ticket size: USD 5-10mn
Bid/ask spread: KWD 0.00015-0.00020
Avg. daily volume: USD 100-300m
Ref. source: Central Bank of Kuwait <CBKK>
Trading hours: 07:30-15:00 London
EX forward/swap
Avg. ticket size: USD 25mn (FX forwards); USD 25mn (FX swaps)
Liquid tenors: <3y
Bid/ask spread: KVVD 0.00040-0.00070 (1Y)
Avg. daily volume: USD 100-300m
Ref. source: <DBMEFWD>
Deutsche Bank Securities Inc. Page 69
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0076872
CONFIDENTIAL SDNY_GM_00223056
EFTA01379410
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