US dollar stable against Kuwaiti dinar at KD0.302

The USD exchange rate was stable against the Kuwaiti dinar in Monday's trading exchanging at KD 0.302 while the euro went down to KD 0.334, compared with Monday's rates.

The pound sterling exchange rate rose to KD 0.471 while the Swiss franc went down to KD 0.320.

The Japanese yen witnessed a slight increase to be stable at KD 0.002, said the daily bulletin of the Central Bank of Kuwait (CBK). The euro retreated last night compared to the dollar following partial announcement of the results of the referendum results in Greece, which showed the rejection of the majority of the Greek people of the new austerity measures listed in the new creditors' plan.

The results also indicated that more than 61 percent of the Greek people rejected the demands of the creditors, namely the European Union (EU), The European Central Bank (ECB), and International Monetary Fund (IMF) of imposing further austerity measures in return for a bailout plan.

Not reaching an agreement with Greek's creditors might lead to Greece's exit from the European Union.

The effect of the financial and economic crisis in Greece on the major currencies was limited during the second quarter of this year.