Central Bank of Kuwait

State-owned bank in Kuwait

Central Bank of Kuwait
بنك الكويت المركزي

Headquarters| Kuwait City
Coordinates| 29°22′39″N 47°58′17″E﻿ / ﻿29.3774°N 47.9714°E﻿ / 29.3774; 47.9714
Established| 30 June 1968; 57 years ago (1968-06-30)
Ownership| 100% state ownership[1]
Governor| Basel Ahmad Al-Haroon[2]
Central bank of| State of Kuwait
Currency| Kuwaiti dinar
KWD (ISO 4217)
Reserves| 25 660 million USD[1]
Website| 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

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It was established on 30 June 1968,[5] succeeding the Kuwait Currency Board that had been created in 1961. The bank launched Financial Intelligence Unit in 2003.[6]

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.[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

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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

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

* Banks portal

## References

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1. ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
2. ^ "Central Bank of Kuwait: Profile".
3. ^ Karami, Fawaz (22 June 2020). "CBK: local banks offered USD 8.9bln-worth credit facilities to businesses in 100 days". Kuwait News Agency. Retrieved 19 September 2020.
4. ^ Al Loughani, Nabeel; Chappell, David (2001). "Modelling the day-of-the-week effect in the Kuwait Stock Exchange: a nonlinear GARCH representation". Applied Financial Economics. 11 (4): 353. doi:10.1080/096031001300313910. S2CID 155028752.
5. ^ "Index". Central Bank of Kuwait. Archived from the original on 31 October 2013. Retrieved 30 September 2014.
6. ^ "06.10.21 | Press Statement | CBK & Kuwait Financial Intelligence Unit (KFIU) Sign Memorandum of Understanding". www.cbk.gov.kw. Retrieved 30 May 2024.
7. ^ "About CBK: Organization". Central Bank of Kuwait. Archived from the original on 10 February 2011. Retrieved 8 February 2011.
8. ^ Armitstead, Louise (13 February 2012). "Kuwait's central bank boss Sheikh Salem Abdulaziz Al Sabah quits after criticising state". The Telegraph. Retrieved 11 October 2013.
9. ^ "Kuwait to take measures to cut spending - cenbank". Arabian Business. Reuters. 1 October 2012. Retrieved 11 October 2013.
10. ^ "Former Governors". cbk.gov.kw.

## External links

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* Official website

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Central banks

Global|

* Bank for International Settlements
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Policies|

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Lists|

* List of central banks
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Kuwait City Metropolitan Area

* History
* Timeline

Areas|

| Kuwait City
proper|

| Areas|

* Sharg
* Jibla
* Mirgāb
* Dasmān

|

Districts|

* Ṣawābir
* Waṣaṭ

| Kuwait City
Metro
Area|

| Shuwaikh Quarters|

* Shuwaikh Residential
* Shuwaikh Port
* Shuwaikh Industrial
* Shuwaikh Educational
* Shuwaikh Health
* Shuwaikh Administrative

|

Metropolitan areas|

* 300,000+
* Sālmīya
* Jilīb il-Šyūkh
* 200,000+
* Farwānīya
* Ḥawally
* 100,000+
* Mahbūla
* Khaiṭān
* Mangaf
* Fḥēḥīl
* Ṣubāḥ il-Sālim
* 75,000+
* Jabrīya
* South Surra (65K)
* ʿĀrḏ̣īya (65K)

Other areas|

* See Areas of Kuwait

Landmarks|

| Architecture &
buildings|

* Kuwait Towers (Freedom Towers)
* Liberation Tower
* Kuwait National Assembly
* Kuwait Opera House (Sheikh Jaber Al Ahmad Cultural Centre)
* Sheikh Abdullah Al Salem Cultural Centre
* Al Salam Palace
* Kuwait National Cultural District
* Al-Hashemi-II

|

Museums &
Historical|

* Sheikh Abdullah Al Salem Cultural Centre
* Kuwait National Cultural District
* Kuwait Scientific Center
* Bait Al-Othman Museum
* Al Salam Palace
* Al Shaheed Park Museums
* Dar al Athar al Islamiyyah
* Museum of Modern Arts
* Tareq Rajab Museum
* Science and Natural History Museum
* Bait Dickson
* Kuwait National Museum
* Historical, Vintage, and Classical Cars Museum
* Sadu House
* Al-Hashemi-II
* Fateh Al-Khayr

Recreation|

* Al Shaheed Park
* Kuwait Motor Town
* The Avenues Mall
* Sharg Market

Historical sougs|

* Sūg Al-Mubarakiya
* Sūg Al-Manakh
* Ṣafāt Square

Scientific centres|

* Kuwait Foundation for the Advancement of Sciences (KFAS)
* Kuwait Institutte for Scientific Research (KISR)
* The Scientific Center of Kuwait (TSCK)
* Kuwait Science Club
* Dasman Diabetes Institute

Libraries|

* National Library of Kuwait
* Al-Babtain Library For Arabic Poetry

Universities|

* Kuwait University (Kuniv)
* Public Authority for Applied Education and Training (PAAET)
* Abdallah Al-Salem College
* American University of Kuwait
* American University of the Middle East
* Gulf University (GUST)
* Open Arab University

Historical palaces|

* Seif Palace
* Bayān Palace
* Kuwait Red Fort (in Jahra, Kuwait)

Others|

* Kuwait International Airport
* Mubarak Al-Kabeer Hospital
* Amiri Hospital

Events|

* Hala Fibrāyir
* Layali Fibrāyir
* Nuqat
* Grane Cultural Festival
* Kuwait International Fair
* Kuwait International Book Fair

* Kuwait portal

Authority control databases

International|

* ISNI
* VIAF

National|

* Germany
* United States
* Australia
* Israel

Academics|

* CiNii

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