Kuwait central bank ready to take all necessary measures to ensure stability

The central bank has devised a package of measures to support growth and mitigate the economic impact of the novel coronavirus

  
View of Kuwait Central Bank building from across the fish market marina where old fishing boats are standing, Kuwait City - June 17, 2016. Image used for illustrative purpose.

View of Kuwait Central Bank building from across the fish market marina where old fishing boats are standing, Kuwait City - June 17, 2016. Image used for illustrative purpose.

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Kuwait's central bank said on Monday it was ready to take all necessary measures to ensure financial and monetary stability amid the coronavirus outbreak.

The central bank has devised a package of measures to support growth and mitigate the economic impact of the novel coronavirus, Governor Mohammad al-Hashel was quoted as saying on twitter.

The Kuwait Banking Association said earlier on Monday that local lenders had the financial strength to absorb the shocks created by the coronavirus pandemic.

(Reporting by Maher Chmaytelli; Editing by Catherine Evans) ((maher.chmaytelli@thomsonreuters.com;))

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