Press Releases
CBK Advises the Public on the Proper Handling of Banknotes
The Central Bank of Kuwait (CBK) stressed users must avoid damaging all denominations of the Kuwaiti Dinar banknote. The Dinar banknote is an important national symbol of the State of Kuwait that reflects its identity, history and legacy. Respectful handling of the bill is therefore tied to respecting this national symbol.
MoreKey Developments in the Balance of Payments of the State of Kuwait for the Third Quarter of 2020
The Central Bank of Kuwait (CBK) published today the preliminary data of the State of Kuwait’s Balance of Payments (BoP) for 3Q 2020, and the revised data of 2Q 2020. The data revealed a surplus during 3Q 2020 of KD 2,475.3 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) against a surplus of KD 4,154.3 million during the previous quarter, i.e. a drop by 40.4% equivalent to KD 1,679.0 million. This downturn is attributable to the decline in the total value of receipts on the credit side of the Current Account by KD 328.3 million or 4.2% compared with the previous quarter, and the increase in the total value of payments on the debit side of the Current Account by KD 1,350.6 million or 36.7% compared with the previous quarter.
More“Diraya” Campaign Leverages Awareness on the Types of Personal Loans
In line with the efforts of the Central Bank of Kuwait (CBK) to enhance financial awareness across all segments of society, the CBK-managed, “Be Aware” (Diraya in Arabic) Campaign continues, in collaboration with Kuwait Banking Association (KBA) and with the participation of all Kuwaiti banks, to leverage public awareness of the banking sector’s role, and how customers can use banks’ diverse services most advantageously.
MoreCBK Launches its Seventh Master’s Scholarship Program
The Central Bank of Kuwait (CBK) is keen as ever to support capacity strengthening and develop a national cadre that can contribute to the institutional development of Kuwait, said the Central Bank of Kuwait Governor, His Excellency Dr. Mohammad Y. Al-Hashel.
MoreCBK Celebrates its Distinguished Female Talent on International Women's Day
The Central Bank of Kuwait (CBK) recognizes the contribution of women and celebrates their achievements and excellence on the occasion of International Women’s Day observed on March 8th. As an institution that believes in the effective role of women in society and their distinguished performance across the business sectors, the CBK provides a positive example.
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"Diraya" Campaign Releases Video on Personal Loans and Financing Facilities
Keen to enhance financial awareness across all segments of society, and in line with its directives towards expanding and strengthening the Kuwaiti banking sector’s social responsibility, the CBK-supervised banking awareness campaign “Be Aware” (“Diraya” in Arabic) continues in cooperation with the Kuwait Banking Association (KBA) and with participation of all Kuwaiti banks, with the aim to leverage public awareness of the banking sector’s role, and how customers can use banks’ diverse services most advantageously.
MoreCBK Press Release on Kuwaiti Banks Financial Performance During the 1st Year of COVID-19 Pandemic
The Central Bank of Kuwait (CBK) announced that it conducted a comprehensive review of the financial statements of Kuwaiti banks for the year 2020. This was done as part of its ongoing efforts to bolster the financial stability of the banking sector, considered central to the State’s financial system, and ensure its continuous and efficient supply of services to the economy amid highly stressed operating conditions. Thus, the CBK stressed its diligent and proactive monitoring of developments that could affect financial stability. Despite the ramifications of the Covid-19 pandemic on local and international economic conditions, the overall conclusion was that the sector had successfully weathered the first year of the crisis.
More"Diraya" Campaign Releases Video on Types of Bank Cards
To enhance financial awareness across all segments of society and as part of the banking sector's social responsibility, the Central Bank of Kuwait-supervised “Be Aware” Campaign (Diraya in Arabic) introduced a video detailing the different types of bank cards.
MoreCBK Issues Commemorative Coins to Mark Kuwait National Days & National Currency Anniversary
The Central Bank of Kuwait (CBK) is marking the 60th anniversary of the Independence and the 30th anniversary of the Liberation of the State of Kuwait, as well as the 60th anniversary of the issue and circulation of the Kuwait national currency, the Kuwaiti Dinar, by issuing three commemorative coins on these occasions, stated His Excellency the CBK Governor Dr. Mohammad Y. Al-Hashel.
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State of Kuwait Completed All Requirements of IMF Enhanced General Data Dissemination System (e-GDDS)
In its continued efforts to develop statistical data and enhance transparency by publishing data in an integrated manner, the International Monetary Fund (IMF) Statistics Department completed its remote mission that took place during January 25 - February 4, 2021 to provide the technical support for the State of Kuwait to develop the National Summary Data Page (NSDP). Thus, the State of Kuwait has completed all the requirements of the Enhanced General Data Dissemination System (e‑GDDS). The system was endorsed by the IMF’s Executive Board in May 2015. The Central Bank of Kuwait (CBK) is the coordinator of Kuwait’s e-GDDS in the IMF.
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