The Central Bank of Kuwait, a bright history for a rising country
The Central Bank of Kuwait was established by Law No. 32 of 1968, promulgated for the monetary system and for regulating the banking profession in order to replace the Kuwait Monetary Council that was previously established by the Amiri Decree No. 41 of 1960.
On the first of April 1969, the bank embarked on carrying out its responsibilities and duties defined by the law, the most prominent of which are the following:
Over the five decades of its history, the Central Bank of Kuwait has performed all the duties vested in it, relying on qualified national capabilities, successfully overcoming many hardships and tough experiences, and reinforcing the established position of the Kuwaiti economy as a whole and the banking sector, in particular.
To ensure the continuation of this pioneering trend, the Central Bank of Kuwait is keen on qualifying and building national capabilities in the financial and economic field to supply the financial industry and the Kuwaiti economy with the human capital that is necessary for the development of this sector and for maintaining its vitality.