Bank Of Baku

Kuwait grants $4 billion and free food to citizens

Kuwait grants $4 billion and free food to citizens
# 19 January 2011 12:34 (UTC +04:00)
Each of the 1.12 million native citizens will get $ 3,572 in cash, as well as free essential food items until 31 March, 2012, KUNA said, citing Rudhan Al Rudhan, the state minister for cabinet affairs.

Kuwait’s 2.4 million foreign residents are excluded from the free food and grants.

In Kuwait, annual inflation rate hit 5.9 per cent in November, reaching a 20-month peak, on the back of high food prices, which increased by 12.3 per cent.
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