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Central Bank of Kuwait

 

Central Bank of Kuwait

Central Bank of Kuwait
Headquarters Kuwait City
Coordinates
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 [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

  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).  
  2. ^ "Index". Central Bank of Kuwait. Retrieved 30 September 2014. 
  3. ^ "Synopsis of Kuwait's Actions to Combat Terrorist Finance". Wikileaks. 23 February 2005. Retrieved 10 September 2014. 
  4. ^ "Central bank governor of Kuwait faces ultimatum from lawmaker". Global Banking News  – via  
  5. ^ "About CBK: Organization". Central Bank of Kuwait. Retrieved 8 February 2011. 
  6. ^ 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. 
  7. ^ "Kuwait to take measures to cut spending - cenbank". Reuters via Arabian Business. 1 October 2012. Retrieved 11 October 2013. 

External links

  • Official website


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