Monetary Policy Objectives

The Central Bank of Kuwait (CBK) is responsible for setting and implementing monetary policy in the State of Kuwait based on Article (15) of the “Law No. 32/1968 concerning Currency, the Central Bank of Kuwait, and the Regulation of Banking and its amendments”, which specifies the objectives of the Central Bank as follows: “Exercise the privilege of the issue of currency on behalf of the State; endeavor to secure the stability of the Kuwaiti currency, and its free convertibility into foreign currencies; endeavor to direct credit policy in such a manner as to assist the social and economic progress and the growth of national income; control the banking system in the State of Kuwait; serve as Banker to the Government; render financial advice to the Government”.
These are crucial objectives for achieving monetary and financial stability in the country.