Sunday 09, May 2010 by
KFH foreign currency deposits distributed returns more than offered in market
The Treasury Department Manager, Abdul Wahab Al-Roshoud, said that the product will be available before the end of this year, after receiving the necessary legislative approvals, and mentioned that KFH foreign currency deposits have achieved the highest revenues in the local market during Q1 of this year. He noted that despite the low revenues on the Kuwaiti dinars, the revenues are considered to be the highest when compared with the revenues on foreign currencies, where the trio deposit of KFH distributed 1.50 per cent by the end of the Q1.
