The primary objective of the CBK is to foster and maintain a sound financial system, including a safe, secure, and efficient payment system.

The duties of the Central Bank include setting and implementing policies for a stable financial system, overseeing deposit insurance and market operations, regulating and supervising financial institutions, promoting and supervising secure payment systems, ensuring the supply of banknotes and coins, maintaining and managing international reserves, collecting and publishing statistics, as well as maintaining price stability.