Press Releases
20.07.09 Press Statement
Kuwait Financial Forum, 1-2 November, 2009
H.E. the Governor of the Central Bank of Kuwait (CBK), Sheikh Salem Abdulaziz Al-Sabah, announced in a press statement to the Kuwait News Agency (KUNA) that the State of Kuwait will be holding a conference entitled "Kuwait Financial Forum" during the 1st- 2nd of November 2009, under the patronage of H.H. the Prime Minister, Sheikh Nasser Al- Mohammad Al-Ahmed Al-Sabah. The conference will be organized by Al-Iktissad Wal-Aamal Group, which has extensive experience in convening and organizing economic and financial conferences and forums in the Middle East, in cooperation of CBK and Kuwait Banking Association.
More14.05.09
Main Developments in the Balance of Payments of the State of Kuwait for the Year 2008
The Central Bank of Kuwait (CBK) has finished compiling the provisional figures for the Balance of Payments (BOP) of the State of Kuwait for 2008, and revising the BOP data for the period 2004-2007. Provisional BOP figures for 2008 indicate that the surpluses realized in the main external balances continued to grow during that year, compared to 2007. The surplus realized in the Current Account (which reflects the outcome of all transactions between the domestic economy and other economies involving goods, services, investment income, and unrequited current transfers) grew at an accelerated rate (30.8%) to reach KD 17404 million during 2008, compared to a surplus of KD 13309 million during 2007.
More13.05.09 Press Statement
CBK Cuts its Discount Rate by 50 Basis Points to 3% Effective Thursday, 14/5/2009
H.E. the Governor of the Central Bank of Kuwait (CBK), Sheikh Salem Abdulaziz Al-Sabah, announced that the CBK Board of Directors has decided to cut the CBK discount rate by 50 basis points to 3% instead of 3.50% effective Thursday, 14-5-2009.
More13.04.09 Press Statement
CBK Cuts its Discount Rate by a Quarter Percent to 3.50%
H.E. the Governor of the Central Bank of Kuwait (CBK), Sheikh Salem Abdulaziz Al-Sabah, announced that the CBK Board of Directors has decided to cut the CBK discount rate by 25 basis points from 3.75% to 3.50%, effective Monday 13th of April 2009. H.E. the Governor explained that this decision represents a continuation of CBK's efforts to strengthen the foundations of growth in the domestic economy in the face of the challenges of the global financial and economic crisis.
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