The Central Bank of Kuwait (CBK)

The Central Bank of Kuwait (CBK) was founded on June 30, by law 32/1968 and started operations on April 1,1969, replacing the Kuwait Monetary Council.

The CBK’s goals are:

To exercise the privilege of issuing the national currency,
To ensure stability of the Kuwaiti currency and its flexibility in relation to other foreign currencies,
To direct the credit policy with the aim of assisting social and economic progress and increasing national income,
To supervise the banking systems in the State,
To serve as Banker to the Government, and
To provide financial advice to the Government.

The CBK encompasses three organisational divisions, each with its own objectives and function. These divisions are: the Governor of CBK Office which includes offices and units reporting to the Governor; the Monetary Policy division, which includes departments concerned with banking operations, foreign operations, and economic affairs; and the Organisation and Management division, which includes banking operations, manpower and administration services.

The CBK is also responsible for issuing the tools of general debt, such as treasury bonds and bills, on behalf of the Ministry of Finance as well as clearance of cheques between various units of the local banking sector.

The CBK disseminates information to the public, individuals and establishments interested in economic, financial, banking and monetary affairs, locally and externally, through its publications and periodicals (in both Arabic and English).

During the last few years, CBK has witnessed substantial growth and development, which is reflected in the introduction of new activities and organisational divisions, in addition to the reorganisation of some departments.

For more information, visit www.cbk.gov.kw