Press Releases
CBK Raises Discount Rate by a Quarter Percentage Point
The Governor of the Central Bank of Kuwait (CBK), Basel A. Al-Haroon, stated that the CBK Board of Directors decided to raise the discount rate by 0.25% from 1.75% to 2.00% effective May 05, 2022. This decision reflects the CBK‘s vigilant monitoring of domestic and international economic and geopolitical developments that resulted in all-time high global inflation rates, mainly driven by increased commodity and energy prices and continuous supply chain disruptions, which constitute a key source of imported inflation affecting the consumer price index in the State of Kuwait.
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CBK Instructs Local Banks to Share Financial Transactions Data
Central Bank of Kuwait instructs local banks to share financial transactions data.
MoreCBK to Provide ATMs for “Eidiyah” in Shopping Malls
Due to the increasing demand on all KD denominations for distributing Eidiyah (monetary gift), the Central Bank of Kuwait (CBK) announced the provision of Automated Teller Machines (ATMs) in a number of shopping malls during the Eid.
MoreCBK Provides Banks with New Currency Notes for Eid Al-Fitr
The Central Bank of Kuwait (CBK) announced the completion of the process of providing all local banks with new Kuwait currency notes of various denominations to meet the needs of citizens and residents on the occasion of approaching Eid Al-Fitr.
MoreStandard & Poor's Ratings Update on the State of Kuwait
Standard & Poor's Affirms State of Kuwait Ratings at (A+).
MoreCentral Bank of Kuwait Governor Expresses Gratitude to the Political Leadership
The Central Bank of Kuwait’s (CBK) Governor, Dr. Mohammad Y. Al-Hashel expresses gratitude to the political leadership.
MoreCBK Issues a Special Report on its Measures through the Global Financial Crisis and Coronavirus Pandemic
The Central Bank of Kuwait (CBK) issued a special report titled “A Decade between Two Crises” to document its efforts and responses to the key shifts in global finance and the banking industry during 2010-2020, and its proactive approach in prudently reinforcing the resilience of the banking sector.
MoreInternational Monetary Fund Concludes 2021 Article IV Consultation with the State of Kuwait
International Monetary Fund (IMF) concludes 2021 Article IV consultation with the State of Kuwait.
MoreCBK Concludes Public Consultation on E-Payment Instructions in Preparation for its Official Issuance
The Central Bank of Kuwait (CBK) concluded its public consultation on the draft updated instructions published on January 31, 2022. The instructions were updated to keep abreast of developments in Fintech and e-payments, introduce governing frameworks, enable Fintechs to offer value-added services, and supersede the 2018 instructions.
MoreCBK Launches Second Cohort of the Risk Management Leaders Program
As part of the Central Bank of Kuwait’s efforts to support the Kuwaiti economy and develop national cadres through building capacity of staff in risk management, which has great importance in enhancing the banking environment and in fortifying financial operations, and within the Kafa’a initiative undertaken by the CBK in collaboration with Kuwaiti banks and managed by the Institute of Banking Studies (IBS), the second cohort of the Risk Management Leaders Program begins.
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