Central Bank of Kuwait

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Central Bank of Kuwait
Central Bank of Kuwait (emblem).jpg
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; 45 years ago (1969-06-30)
Governor Mohammad Al Hashel
Central bank of State of Kuwait
Currency Kuwaiti dinar
ISO 4217 Code KWD
Website www.cbk.gov.kw

The Central Bank of Kuwait was established in 30 June 1969 to offer a flexible 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[edit]

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.[2]

Salem Abdulaziz Al Sabah served as the governor of the bank until February 2012.[3][4] Mohammad Al Hashel succeeded Sabah as governor in March 2012.[5]

References[edit]

  1. ^ Nabeel Al Loughani; David Chappell (2001). "Modelling the day-of-the-week effect in the Kuwait Stock Exchange: a nonlinear GARCH representation". Applied Financial Economics 11 (4). Retrieved 30 December 2013. 
  2. ^ "Central bank governor of Kuwait faces ultimatum from lawmaker". Global Banking News  – via HighBeam Research (subscription required). 25 August 2011. Retrieved 2 November 2012. 
  3. ^ "About CBK: Organization". Central Bank of Kuwait. Retrieved 8 February 2011. 
  4. ^ Louise Armitstead (13 February 2012). "Kuwait's central bank boss Sheikh Salem Abdulaziz Al Sabah quits after criticising state". The Telegraph. Retrieved 11 October 2013. 
  5. ^ "Kuwait to take measures to cut spending - cenbank". Reuters via Arabian Business. 1 October 2012. Retrieved 11 October 2013. 

External links[edit]