UK: sterling reserves

This file relates to the financial crisis of sterling, and its impact in Kuwait on the financial and banking system. It contains correspondence concerning:

• Progress towards the development of a central bank in Kuwait
• Devaluation of sterling and Kuwait’s request for compensation
• The Kuwait Currency Board’s annual report
• Study by HM Embassy in Kuwait of the Kuwaiti economy from 1950 to the present [1968]
• Announcement by the World Bank of the first public marketing of World Bank bonds in the Middle East in Kuwait
• The Kuwait Investment Advisory Committee’s meeting in New York
• HM Embassy in Kuwait’s updates on the financial situation in Kuwait; and its noting of local press comment