Kuwait Inter Bank Offer Rate
In theory there is an Interbank rate in Kuwait, sometimes known as KIBOR.
However, KIBOR is an irrelevance for most corporate treasury activities.
All KWD bank debt is priced as a spread over the Central Bank Discount Rate ("CBK"), which is changed by unilateral decision of the central bank.
CBK-based debt reprices immediately when the rate is changed, unlike LIBOR which will only reprice at the end of the agreed LIBOR fixing drawdown period.
Kuwait Inter Bank Offer Rate should not be confused with Karachi IBOR or Kiev IBOR, which are also sometimes known as KIBOR.