Central Bank of Kuwait

Central Bank of Kuwait

Headquarters	Kuwait City
Coordinates	29°22′39″N 47°58′17″E / 29.3774°N 47.9714°E / 29.3774; 47.9714Coordinates: 29°22′39″N 47°58′17″E / 29.3774°N 47.9714°E / 29.3774; 47.9714
Established	30 June 1969 (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

↑ 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). doi:10.1080/096031001300313910. Retrieved 30 December 2013.
↑ "Index". Central Bank of Kuwait. Retrieved 30 September 2014.
↑ "Synopsis of Kuwait's Actions to Combat Terrorist Finance". Wikileaks. 23 February 2005. Retrieved 10 September 2014.
↑ "Central bank governor of Kuwait faces ultimatum from lawmaker". Global Banking News – via HighBeam Research (subscription required) . 25 August 2011. Retrieved 2 November 2012.
↑ "About CBK: Organization". Central Bank of Kuwait. Retrieved 8 February 2011.
↑ 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.
↑ "Kuwait to take measures to cut spending - cenbank". Arabian Business. Reuters. 1 October 2012. Retrieved 11 October 2013.

External links

Official website

Central banks

Global

Global	Bank for International Settlements Basel Committee on Banking Supervision Financial Stability Board

By continent

Africa	Bank of Central African States Central Bank of West African States Bank of Algeria National Bank of Angola Bank of Botswana Bank of the Republic of Burundi Bank of Cape Verde Central Bank of the Comoros Central Bank of the Congo Central Bank of Djibouti Central Bank of Egypt Bank of Eritrea National Bank of Ethiopia Central Bank of The Gambia Bank of Ghana Central Bank of the Republic of Guinea Central Bank of Kenya Central Bank of Lesotho Central Bank of Liberia Central Bank of Libya Central Bank of Madagascar Reserve Bank of Malawi Central Bank of Mauritania Bank of Mauritius Bank Al-Maghrib (Morocco) Bank of Mozambique Bank of Namibia Central Bank of Nigeria National Bank of Rwanda Central Bank of São Tomé and Príncipe Central Bank of Seychelles Bank of Sierra Leone Central Bank of Somalia Bank of Somaliland South African Reserve Bank Bank of South Sudan Central Bank of Sudan Central Bank of Swaziland Bank of Tanzania Central Bank of Tunisia Bank of Uganda Bank of Zambia Reserve Bank of Zimbabwe

Americas	Central Bank of Argentina Central Bank of Aruba Central Bank of The Bahamas Central Bank of Barbados Bermuda Monetary Authority Central Bank of Brazil Bank of Canada Central Bank of Chile Bank of the Republic (Colombia) Central Bank of Cuba Central Bank of Curaçao and Sint Maarten Eastern Caribbean Central Bank Cayman Islands Monetary Authority Central Bank of Ecuador Bank of Guatemala Bank of the Republic of Haiti Central Bank of Honduras Bank of Jamaica Bank of Mexico Central Bank of Nicaragua Central Reserve Bank of Peru Central Bank of Suriname Central Bank of Trinidad and Tobago Federal Reserve System (United States) Central Bank of the Uruguay Central Bank of Venezuela

Asia	Da Afghanistan Bank Central Bank of Bahrain Bangladesh Bank Royal Monetary Authority of Bhutan Brunei Currency and Monetary Board Autoriti Monetari Brunei Darussalam National Bank of Cambodia People's Bank of China Hong Kong Monetary Authority Reserve Bank of India Bank Indonesia Central Bank of the Islamic Republic of Iran Central Bank of Iraq Bank of Israel Bank of Japan Central Bank of Jordan National Bank of Kazakhstan National Bank of the Kyrgyz Republic Bank of Korea Central Bank of the Democratic People's Republic of Korea Central Bank of Kuwait Banque du Liban Monetary Authority of Macao Bank Negara Malaysia Maldives Monetary Authority Bank of Mongolia Central Bank of Myanmar Nepal Rastra Bank Central Bank of Oman State Bank of Pakistan Palestine Monetary Authority Bangko Sentral ng Pilipinas Qatar Central Bank Saudi Arabian Monetary Agency Monetary Authority of Singapore Central Bank of Sri Lanka Central Bank of Syria Central Bank of the Republic of China (Taiwan) Bank of Thailand Central Bank of Turkmenistan Central Bank of the United Arab Emirates Central Bank of Uzbekistan State Bank of Vietnam Central Bank of Yemen

Europe	European Central Bank (Eurosystem) National Bank of the Republic of Abkhazia Bank of Albania Central Bank of Armenia National Bank of Austria Central Bank of Azerbaijan National Bank of the Republic of Belarus National Bank of Belgium Central Bank of Bosnia and Herzegovina Bulgarian National Bank Croatian National Bank Central Bank of Cyprus Czech National Bank Danmarks Nationalbank (Denmark) Deutsche Bundesbank (Germany) Bank of England Bank of Estonia Bank of Finland Banque de France National Bank of Georgia Bank of Greece Hungarian National Bank Central Bank of Iceland Central Bank of Ireland Banca d'Italia Central Bank of Kosovo Bank of Latvia Bank of Lithuania Central Bank of Luxembourg National Bank of the Republic of Macedonia Central Bank of Malta National Bank of Moldova Central Bank of Montenegro De Nederlandsche Bank Norges Bank Central Bank of the Turkish Republic of Northern Cyprus National Bank of Poland Banco de Portugal National Bank of Romania Central Bank of Russia National Bank of Serbia National Bank of Slovakia Bank of Slovenia Gosbank (Soviet Union) Bank of Spain Swedish National Bank Swiss National Bank Central Bank of the Republic of Turkey National Bank of Ukraine

Oceania	Reserve Bank of Australia Reserve Bank of Fiji Reserve Bank of New Zealand Bank of Papua New Guinea Central Bank of Samoa Central Bank of Solomon Islands National Reserve Bank of Tonga Reserve Bank of Vanuatu

Policies and implementation

Policies	Capital requirement Contractionary monetary policy Expansionary monetary policy Basel II Basel III Basel 4

Implementation	Capital control Discount rate Interest rates Money creation Open market operation Sovereign wealth fund

Bretton Woods system

International Monetary Fund World Bank Group International Bank for Reconstruction and Development International Centre for Settlement of Investment Disputes International Development Association International Finance Corporation Multilateral Investment Guarantee Agency

Lists

List of central banks Central banks and currencies of Africa Central banks and currencies of Asia-Pacific Central banks and currencies of the Caribbean Central banks and currencies of Europe Central banks and currencies of Central America and South America

Names in italics indicate non-sovereign (dependent) territories, former countries, or states with limited recognition

Kuwait City

History	Timeline

Suburbs	Abdullah Al-Salem Al Andalus Bayan Bneid Al-Qar Al Da'iya Dasma Faiha' Farwaniya Al Ahmadi Hawally Jabriya Kaifan Khaitan Mahboula Mansūriya Mishref Al-Nuzha Al-Qādisiyyah Qurtoba District Rumaithiya Salmiya Abu Halifa Mangaf Sabah Al-Salem Salwa Al Shamiya Sharq Shuwaikh Port Al Surra Yarmūk Khaldiya Al Jahra Adailiya

Landmarks	Liberation Tower National Assembly of Kuwait building Kuwait Towers Bayan Palace Seif Palace Grand Mosque Kuwait National Museum Kuwait Science and Natural History Museum Souq Al Mubarakeya Souq Sharq Kuwait Scientific Center Sadu House Hilton Olympia Kuwait InterContinental Kuwait Downtown Square Capital Tower Kuwait Central Blood Bank Al Hamra Tower Central Bank of Kuwait

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