The Central Bank of Kuwait (CBK; )
is the
central bank
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...
of
Kuwait
Kuwait, officially the State of Kuwait, is a country in West Asia and the geopolitical region known as the Middle East. It is situated in the northern edge of the Arabian Peninsula at the head of the Persian Gulf, bordering Iraq to Iraq–Kuwait ...
. It offers a strict currency system on behalf of the state. The bank regulates Kuwaiti stock market along with the
Kuwait Stock Exchange
Boursa Kuwait Securities Co., is the private-sector corporate owner and operator of the Kuwait Stock Exchange (KSE), the national stock market of Kuwait.
History
Although several share holding companies (such as the National Bank of Kuwait in 1 ...
, the Ministry of Commerce and Industry and the
Ministry of Finance
A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position .
A ministry of finance's portfoli ...
.
Overview
It was established on 30 June 1968, succeeding the
Kuwait Currency Board that had been created in 1961. The bank launched Financial Intelligence Unit in 2003.
Salem Abdulaziz Al Sabah served as the governor of the bank for over a quarter of a century, until February 2012, when he resigned after criticising the state's spending policies.
Dr. Mohammad Al Hashel succeeded Sabah as governor in April 2012 and Yousef Al Obaid as deputy governor in May 2012.
Governors
Governors of the Central Bank of Kuwait.
*
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
This is a list of central banks.
Central banks by alphabetical order
This is a list of central banks. Countries that are only partially recognized internationally are marked with an asterisk (*).
Major central banks by currency allocation p ...
References
External links
*
Banks established in 1969
Government agencies established in 1969
Banks of Kuwait
Buildings and structures in Kuwait City
Kuwait
Kuwait, officially the State of Kuwait, is a country in West Asia and the geopolitical region known as the Middle East. It is situated in the northern edge of the Arabian Peninsula at the head of the Persian Gulf, bordering Iraq to Iraq–Kuwait ...
Companies based in Kuwait City
Kuwaiti companies established in 1969
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