to exercise the privilege of the issue of currency on behalf of the State
to endeavor to secure the stability of the Kuwaiti currency and its free convertibility into foreign currencies
to direct the credit policy to assist social and economic progress and increase national income
to supervise the banking system in the State of Kuwait
to serve as Banker to the Government
to provide financial advice to the Government
History
CBK started operating on the 1st of April 1969 as specified in Article 15 of Law No. 32 of 1968.
Constitutional Framework
The Central Bank of Kuwait (CBK) was established by virtue of the Law No. (32) of 1968 concerning Currency, the Central Bank of Kuwait and the Organization of Banking Business.
Mode of Finance
The capital of the Central Bank of Kuwait is five million Kuwaiti Dinars, fully paid up by the Government.
(last updated: 04-March-2010)
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Kuwait \ Central Banks And Financial Regulatory Institutions \ Central Bank of Kuwait
