HH the Amir received Governor of the Central Bank of Kuwait
Deputy governor of the Central Bank of Kuwait
(CBK), Youssef Al-Obaid, said that GCC central banks need to discuss with each other the possibility of overhauling macroeconomic models.
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KuwaitEe's current account reached its highest surplus in three years in Q1 2018, standing at US$ 5.58 billion or 17% of GDP, according to a new report issued by the Central Bank of Kuwait
. According to the report, an increasing trade surplus and higher oil prices served to offset lower investment income and higher remittances.
Al Ajeel concluded, "I would like to take this opportunity to thank the Central Bank of Kuwait
, and Capital Markets Authority for the Continuous cooperation and support".
The fixed rate bond would then pay 5.90 per cent annually and the floating rate bond then pay investors a coupon of 4.15 per cent over the Central Bank of Kuwait
discount rate, capped at 6.90 per cent annually.
SOURCE: Central Bank of Kuwait
(17 July 2001); Internet <http://www.cbk.gov.kw/qtbla.htm>.
Nayef Al-Hajraf and Governor of Central Bank of Kuwait
The central bank of Kuwait
has opposed a proposal to tax expat remittances.
As part of the Central Bank of Kuwait
's (CBK) continued efforts to update its guidelines in line with global regulatory standards and to advance its supervisory tools, the CBK Board of Directors approved at its meeting held on 25 October 2015 the Net Stable Funding Ratio (NSFR) in its final form for local conventional and Islamic banks, including branches of foreign banks operating in Kuwait.
In the first five years, the fixed rate bonds pay investors a coupon of 5.65% per year, while the floating rate bond pays investors a coupon of 3.90% over the Central Bank of Kuwait
discount rate, capped at 6.65% annually.
A total of $13.8 billion was raised by the central banks of Kuwait, Bahrain, Qatar and Oman with the Central Bank of Kuwait
securing the highest amount at $6.5 billion, representing 47.2 per cent of the total.