KUWAIT CITY, : Some may think that the decline of the Euro to its lowest level against the dollar in 20 years a few days ago, is a purely European-American affair, but in fact citizens and residents in Kuwait are affected by this significant change in the exchange rate, positively or negatively, according to the quality of its connection and the manner of its financial transactions with the European Union countries, reports Al-Qabas daily. Given that inflation is a global phenomenon common to the developed world due to the repercussions of the Corona pandemic, the rise in oil and food prices, etc., and due to the repercussions of the Russian-Ukrainian war, we, with an analytical aim, will not delve into the impact of inflation on both Kuwait and the European Union countries or the United States, etc.

Just as the Euro fell against the dollar, the Euro fell against the Kuwaiti dinar by approximately 15% from its highest level in 2020, similar to the Euro