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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