Press Releases

08.05.19Press Release: Key Developments in the Balance of Payments of the State of Kuwait for the Year 2018

The Central Bank of Kuwait (CBK) published today the preliminary data of the State of Kuwait’s Balance of Payments (BoP) for the year 2018, and the revised data of the preceding year.

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02.05.19Press Statement: CBK Honors the Winners of "Kuwaiti Economic Researcher Award" and “Kuwaiti Economic Student Award” 2018

His Excellency, the Governor of the Central Bank of Kuwait (CBK), Chairman of the Board of Directors of the Institute of Banking Studies (IBS), Dr. Mohammad Y. Al-Hashel, honors the winners of "Kuwaiti Economic Researcher Award" and “Kuwaiti Economic Student Award” for the year 2018.

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01.05.19Press Release: Key Developments in the Balance of Payments of the State of Kuwait for the Fourth Quarter of 2018

The Central Bank of Kuwait (CBK) published today the preliminary data of the State of Kuwait’s Balance of Payments (BoP) for 4Q 2018, and the revised data of the preceding quarter. The data revealed a surplus of KD 1,643 million in the Current Account (that sums up receipts and payments on transactions between the domestic economy and other economies in terms of goods, services and income) compared to a surplus of KD 923 million during the previous quarter, i.e. an upturn by 77.9% equivalent to KD 719.4 million. This upturn in the Current Account surplus is mainly attributable to the decline in the deficit of the Services Account (net value of services transactions between residents and non residents, the most important of which are transportation, travel, communications and construction) by KD 1,164 million or 39.6%, to KD 1,778 million during 4Q 2018, compared to a deficit of KD 2,942 million during the previous quarter.

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24.04.19Press Release: CBK Organizes Workshop for Ministry of Justice Accounting Experts

The Governor of the Central Bank of Kuwait (CBK), His Excellency Dr. Mohammad Y. Al-Hashel, announced that CBK had concluded a workshop for Accounting Experts from the Ministry of Justice “General Directorate of Experts”, held 16-24 April, 2019 on the topic of CBK policies, regulations, and instructions.

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23.03.19Press Release: CBK Hosting IMF Panel Discussion on Banking Supervision & Oversight

The Central Bank of Kuwait (CBK) is hosting a high-level panel discussion organized by the International Monetary Fund (IMF) Middle East Center for Economics and Finance (CEF) on banking supervision and oversight.

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03.03.19Press Release: CBK Launches “Certified Sharia Auditor” Program in Collaboration with IBS

His Excellency the Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, announced that CBK has launched “Certified Sharia Auditor” program in collaboration with Institute of Banking Studies (IBS).

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03.02.19Press Release: CBK Launches Electronic Banking Services System (EBSS)

His Excellency the Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, announced that CBK has launched Electronic Banking Services System (EBSS).

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10.01.19Press Release: Key Developments in the Balance of Payments of the State of Kuwait for the Third Quarter of 2018

The Central Bank of Kuwait (CBK) published today the preliminary data of the State of Kuwait’s Balance of Payments (BoP) for 3Q 2018, and the revised data of the preceding quarter. The data revealed a surplus of KD 2,155 million in the Current Account (that sums up receipts and payments between domestic economy and other economies in terms of goods, services and income) compared to a surplus of KD 2,648 million during the previous quarter, i.e. a downturn of KD 492.5 million (18.6%). This downturn is attributable to the decline in the surpluses of both Balance on Goods and Primary Income and in the deficit of Secondary Income on one hand, and the increasing deficit of Services Account on the other. In more detail, the decline in the Current Account surplus reflects a commensurate decline in the surplus of the Balance on Goods (merchandise exports minus merchandise imports) to KD 3,471 million during 3Q 2018, compared to KD 3,789 million during the preceding quarter. On the other side, the deficit in the Services Account (net value of services transactions between residents and non residents, the most important of which are transportation, travel, communications and construction) increased by KD 45.6 million or 2.3%, to KD 2,037 million during 3Q 2018, compared to a deficit of KD 1,991 million during the previous quarter.

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