The Central Bank of Kuwait has released its 53rd Annual Report for fiscal year 2024/25, setting out its work on monetary and financial stability, banking supervision and prudential oversight, anti-money laundering, and oversight of financial innovation and emerging technologies. The publication also includes the external auditors’ report on the Central Bank’s financial statements as of 31 March 2025. The report reviews monetary and banking developments and outlines a balanced, flexible and proactive monetary policy aimed at supporting relative stability of the KWD exchange rate against foreign currencies and limiting inflationary pressures from imported price movements. It describes a risk-based supervisory approach and use of prudential tools across regulated entities, alongside initiatives on information systems, cybersecurity, and payment system oversight including cash management and supervision of interbank clearing and settlement. Digitalisation measures highlighted include development of electronic payment infrastructure and the Innovation Hub Wolooj as an experimental regulatory environment, as well as corporate governance arrangements including the role of the Board of Directors, internal control systems, and financial and Shari’a supervision. The annual report also covers consumer awareness programmes on electronic fraud and banking rights, financial literacy initiatives, and workforce development and Kuwaitization efforts in cooperation with the Kuwait Institute of Banking Studies, and is available via the Central Bank of Kuwait’s website.

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