Central Bank of Kuwait explained

Bank Name:	Central Bank of Kuwait
Bank Name In Local:	بنك الكويت المركزي
Image 1:	Central Bank of Kuwait Logo.png
Image Width 1:	200px
Ownership:	100% state ownership^[1]
Headquarters:	Kuwait City
Coordinates:	29.3774°N 47.9714°W
President:	Basel Ahmad Al-Haroon^[2]
Leader Title:	Governor
Bank Of:	State of Kuwait
Currency:	Kuwaiti dinar
Currency Iso:	KWD
Reserves:	25 660 million USD
Website:	www.cbk.gov.kw

The Central Bank of Kuwait (CBK; Arabic: بنك الكويت المركزي)^[3] is the central bank of Kuwait. It offers a strict currency system on behalf of the state. The bank regulates Kuwaiti stock market along with the Kuwait Stock Exchange, the Ministry of Commerce and Industry and the Ministry of Finance.^[4]

Overview

It was established on 30 June 1968.^[5] The bank launched Financial Intelligence Unit in 2003.^[6]

Salem Abdulaziz Al Sabah served as the governor of the bank until February 2012.^{[7] [8]} Dr. Mohammad Al Hashel succeeded Sabah as governor in April 2012 and Yousef Al Obaid as deputy governor in May 2012.^[9]

Governors

Governors of the Central Bank of Kuwait.^[10]

• Hamza A. Hussein (12 September 1973 – 11 September 1983)
• Abdulwahab Al-Tammar (1 November 1983 – 30 September 1986)
• Salem Abdulaziz Al Sabah (1 October 1986 – 11 February 2012; resigned)
• Mohammad Al-Hashel (1 April 2012 – 31 March 2022)
• Basel Ahmad Al-Haroon (1 April 2022 - present)

See also

• List of tallest buildings in Kuwait
• List of central banks

Notes and References

1. Web site: Weidner . Jan . The Organisation and Structure of Central Banks . Katalog der Deutschen Nationalbibliothek. 2017. PDF.
2. Web site: Central Bank of Kuwait: Profile.
3. Web site: Karami . Fawaz . CBK: local banks offered USD 8.9bln-worth credit facilities to businesses in 100 days . Kuwait News Agency . 19 September 2020 . 22 June 2020.
4. David . Chappell. Modelling the day-of-the-week effect in the Kuwait Stock Exchange: a nonlinear GARCH representation. Applied Financial Economics. 2001. 11. 4. 353. Nabeel . Al Loughani. 10.1080/096031001300313910. 155028752.
5. Web site: Index. Central Bank of Kuwait. 30 September 2014. https://web.archive.org/web/20131031062131/http://www.cbk.gov.kw/WWW/index.html. 31 October 2013. dead.
6. Web site: 06.10.21 Press Statement CBK & Kuwait Financial Intelligence Unit (KFIU) Sign Memorandum of Understanding . 2024-05-30 . www.cbk.gov.kw . en.
7. Web site: About CBK: Organization. Central Bank of Kuwait. 8 February 2011. 10 February 2011. https://web.archive.org/web/20110210075348/http://www.cbk.gov.kw/WWW/organization.html. dead.
8. News: Kuwait's central bank boss Sheikh Salem Abdulaziz Al Sabah quits after criticising state. 11 October 2013. The Telegraph. 13 February 2012. Louise . Armitstead.
9. News: Kuwait to take measures to cut spending - cenbank . Reuters. Arabian Business. 11 October 2013. 1 October 2012.
10. Web site: Former Governors. cbk.gov.kw.