“The Central Bank of Kuwait is also preparing the infrastructure for a digital economy by developing the Kuwait National Payments System, which will consist of eight systems that enablefintech deployment.” CBK

Central Bank of Kuwait

Kuwait uses the Kuwaiti dinar which is pegged to a basket of currencies.

There is some commitment from the CBK to digitalise.

In that white paper the CBK stated the bank is preparing for a digital economy. 

“.. the industry to re-invent itself in order to move closer to customers, becoming more efficient, more digitally enabled and therefore better equipped to address future challenges.”

There is no specific plans for CBDC changes in Kuwait but this would likely be part of more digitization.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

By cryptorocks_editor

Editor.