Central Bank of Kuwait overhauls core banking system

Central Bank of Kuwait
The Central Bank of Kuwait
Francisco Anzola

The Central Bank of Kuwait has implemented a new core banking system designed to streamline important aspects of its operations.

The system automates core processes related to government securities, including issuance, repo, over-the-counter transactions, coupon payments and redemption.

The CBK acts as banker to the government, managing the national debt as well conducting monetary operations. Besides conventional transactions, the central bank also implements policy through tawarruq, a means

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