30.06.22 Press Statement

CBK Provides Banks with New Currency Notes for Eid Al-Adha

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-Adha.

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15.06.22 Press Release

CBK Raises the 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 2.00% to 2.25% effective June 16, 2022. The CBK also decided to change the rates of monetary policy instruments by varying percentages for the entire interest rate yield curve, including repurchases (Repo), CBK bonds and tawarruq, term deposits, direct intervention instruments, as well as public debt instruments.

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26.05.22 Press Statement

Moody's Press Release Regarding the Sovereign Credit Rating of the State of Kuwait

Moody's Investors Service has on 26 May 2022 affirmed Kuwait's sovereign credit rating at "A1", with stable outlook.

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26.05.22 Press Statement

CBK Honors the Graduates of the Harvard Business School Program

The Governor of the Central Bank of Kuwait (CBK) and the Chairman of the Board of Directors of the Institute of Banking Studies (IBS), Basel A. Al-Haroon, honored the graduates of the virtual executive education program delivered by Harvard Business School, titled “Leading in a World Transformed”. This program aims to develop executive leaders in the Kuwaiti banks and is a part of the Kafa’a initiative, which was launched by the CBK, sponsored by the Kuwaiti banks and organized and executed by IBS.

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04.05.22 Press Release

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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27.04.22 Press Statement

CBK Instructs Local Banks to Share Financial Transactions Data

Central Bank of Kuwait instructs local banks to share financial transactions data.

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24.04.22 Press Statement

CBK 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.

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16.04.22 Press Statement

CBK 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.

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07.04.22 Press Statement

Standard & Poor's Ratings Update on the State of Kuwait

Standard & Poor's Affirms State of Kuwait Ratings at (A+).

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31.03.22 Press Statement

Central 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.

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