Central Bank of Kuwait

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Central Bank of Kuwait
File:Central Bank of Kuwait (emblem).jpg
Headquarters Kuwait City
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Established 30 June 1969; 54 years ago (1969-06-30)
Governor Mohammad Al Hashel
Central bank of State of Kuwait
Currency Kuwaiti dinar
KWD (ISO 4217)
Website www.cbk.gov.kw

The Central Bank of Kuwait offers a strict currency system on behalf of the State of Kuwait. The bank regulates Kuwaiti stock market along with the Kuwait Stock Exchange, the Ministry of Commerce and Industry and the Ministry of Finance.[1]

Overview

It was established on 30 June 1969.[2] The bank launched Financial Intelligence Unit in 2003.[3]

In August 2011, following reports that some members of the Kuwaiti National Assembly had received millions of dinars to their accounts, opposition MP Musallam Al-Barrak called for the bank's governor to resign.[4] Salem Abdulaziz Al Sabah served as the governor of the bank until February 2012.[5][6] Dr. Mohammad Al Hashel succeeded Sabah as governor in March 2012 and Yousef Al Obaid as deputy governor in May 2012.[7]

References

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External links


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