Central Bank of Kuwait
The Central Bank of Kuwait is the central bank of Kuwait. It offers a strict currency system on behalf of the state. The bank regulates Kuwaiti stock market along with the Kuwait Stock Exchange, the Ministry of Commerce and Industry and the Ministry of Finance.
Overview
It was established on 30 June 1968, succeeding the Kuwait Currency Board that had been created in 1961. The bank launched Financial Intelligence Unit in 2003.Salem Abdulaziz Al Sabah served as the governor of the bank for over a quarter of a century, until February 2012, when he resigned after criticising the state's spending policies. Dr. Mohammad Al Hashel succeeded Sabah as governor in April 2012 and Yousef Al Obaid as deputy governor in May 2012.