Kuwait’s government names new central bank governor

Basel Al-Haroun will begin five-year term on April 1

Central Bank of Kuwait
Central Bank of Kuwait
Francisco Anzola

The government of Kuwait said it had appointed Basel Al-Haroun the next governor of the Central Bank of Kuwait, Reuters reported on March 14.

He will succeed Muhammad Yousef al-Hashel, who has been governor since April 2012. Al-Haroun has held positions in banks and regulatory bodies in Kuwait.

Under the central bank law, the Kuwaiti government appoints the governor and deputy governor for five-year terms, on recommendation of the finance minister. The governor chairs the eight-member board of

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