In ten pages this paper contrasts and compares the history of exchange rates in Kuwait and Turkey. Thirteen sources are cited in the bibliography.
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Storm, then most would not recognize the name. However, as a result of that war, Kuwait has gained more attention and as such, their economy. What is interesting to note
is that Turkey, who is in close proximity, hasnt the wealth that their neighbor has. In contrast the exchange rates vary between these two countries. One has to wonder what
caused the disparity, and whether these fluctuations in exchange rates were a result of internal or external factors. Kuwait is located in the Middle East, bordering the Persian Gulf, between
Iraq and Saudi Arabia and is slightly smaller than New Jersey(CIA 2002). They are located in a strategic position at the head of the Persian Gulf which is what garners
them such special attention from the United Nations and the United States. This country is still dominated by a constitutional monarchy which means that there are very few things to
vote upon. Formation of political parties are illegal in the nation of Kuwait. Given that they do not practice even a semblance of democratic government, it is obvious that there
ulterior motives at work which make the United States a staunch ally to Kuwait. The biggest of these is the economy of Kuwait, and its strategic position in the Middle
East. Kuwait has nearly ninety-four billion barrels of crude oil in reserve which is ten percent of the World Reserves. Petroleum and oil products, it can be said
are more than two-thirds of their GDP and as expected a great deal of their economy hinges on an export of that oil. Most of that export goes to Japan,
with the United States being their next largest buyer(CIA 2002). The student would want to incorporate these concepts into their argument: As such, then, the Kuwaiti dinar (KD)as of