Press Releases

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18.02.20 Press Release

CBK Introduces Cyber Security Framework for the Kuwaiti Banking Sector

The Central Bank of Kuwait (CBK) announces the completion of a Strategic Cyber Security Framework for the Kuwaiti Banking Sector in the State of Kuwait.

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11.02.20 Press Release

CBK Emphasizes the Protection of the Banking and Financial System from the Risks of Money Laundering

The Central Bank of Kuwait (CBK) Emphasizes the Protection of the Banking and Financial System from the Risks of Money Laundering.

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27.01.20 Press Statement

CBK Statement on The IMF Article IV Consultation for Year 2020

The Central Bank of Kuwait (CBK) press statement on the International Monetary Fund (IMF) mission to the State of Kuwait from January 7th through January 20th, 2020.

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14.01.20 Press Release

CBK Invited to Become a Member of the Bank of International Settlements

The Central Bank of Kuwait received an invitation today to become a member of the Bank of International Settlements (BIS). In a statement, His Excellency the Governor of the Central Bank of Kuwait Dr. Mohammad Y. Al-Hashel said, “We are very pleased with this announcement and the Central Bank of Kuwait has accepted the invitation and aims to become an effective member of this prestigious organization. The BIS underscores international cooperation between central banks and financial authorities around the world and works towards collectively pursuing global monetary and financial stability.”

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05.01.20 Press Release

Central Bank of Kuwait Governor, Dr. Mohammad Y. Al-Hashel to Helm IILM Chairmanship for 2020

The Governing Board of the International Islamic Liquidity Management Corporation (IILM) has appointed His Excellency Dr. Mohammad Y. Al Hashel, the Governor and Chairman of the Board of Directors of the Central Bank of Kuwait, as its Chairman for year 2020. Similarly, the Governor of Qatar Central Bank, His Excellency Sheikh Abdulla Saoud Al-Thani, has been appointed as the Deputy Chairman of the Governing Board for the same year. The new appointments take effect on 1st January 2020.

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31.12.19 Press Release

The State of Kuwait and the Kingdom of Saudi Arabia connect their points of sale via the GCCNET

The State of Kuwait and the Kingdom of Saudi Arabia connect their points of sale via the GCCNET.

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31.12.19 Press Release

Key Developments in the Balance of Payments of the State of Kuwait for the Third Quarter of 2019

The Central Bank of Kuwait (CBK) published today the preliminary data of the State of Kuwait’s Balance of Payments (BoP) for 3Q 2019, and the revised data of 2Q 2019. The data revealed a surplus of KD 1,324.6 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 with a surplus of KD 2,816.9 million during the previous quarter, i.e. a drop by 53.0% equivalent to KD 1,492.4 million. This downturn is mainly attributable to the decline in the total value of receipts on the credit side of the Current Account by KD 2,249.2 million or 24.3% compared with the previous quarter, and the decrease in the total value of payments on the debit side of the Current Account by KD 756.8 million or 11.8% compared with the previous quarter. Furthermore, preliminary data indicated a drop in the surplus of the Balance on Goods by KD 442.1 million or 14.7% to reach KD 2,575.5 million during the third quarter of 2019, compared with KD 3,017.7 million during the previous quarter.

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22.12.19 Press Release

CBK Announces an Updated Executives Education Program for Banking and Finance Executives with Harvard Business School for the 11th Year in a Row

Dr. Mohammad Y. Al-Hashel, Governor of the Central Bank of Kuwait, Chairman of the Board of Directors of the Institute of Banking Studies (IBS), announced that IBS will again work with Harvard Business School (HBS) to present a special and updated executive education program for banking and financial executives in the GCC region. Many aspects of the program have been restructured to reflect the latest trends in the evolving banking and financial services sector.

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17.12.19 Press Statement

CBK Holds a Meeting with the Banking and Academic Sectors

The Central Bank of Kuwait (CBK) held a meeting with decision makers and experts in the banking and academic sectors on Monday, 16 December 2019.

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16.12.19 Press Release

CBK Issues a Commemorative Coin to Mark the 5th Anniversary of H.H. The Amir Being Named “A Humanitarian Leader” for the Year 2014

In celebration of the 5th anniversary of His Highness the Amir, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah being named “A Humanitarian Leader” by the United Nations for the year 2014, His Excellency, Dr. Mohammed Y. Al-Hashel, Governor of the Central Bank of Kuwait stated that a commemorative coin has been issued by the Central Bank of Kuwait marking the occasion.

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