Central Bank of The U.A.E

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Central Bank of The U.A.E

Arab Central Banks
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  • Chairman: H.H. Sheikh Mansour Bin Zayed Al Nahyan
  • Vice Chairman: H.E. Abdul Rahman Al Saleh
  • Governor: H.E. Abdulhamid Saeed
Central Bank of U.A.E
  • Country: United Arab Emirates
  • Establishment Date: 19/05/1973
  • Headquarters Address: King Abdullah Bin Abdulaziz Al Saud Street – Next to Al Bateen, Al Bateen – Abu Dhabi – United Arab Emirates
  • P.O. Box: 854 Abu Dhabi
  • Tel.: (+971)-2-6652220
  • Fax: (+971)-2-6652504
  • Website: www.centralbank.ae
  • E-mail: [email protected]
  • Membership in the UAB: Non Member
Objectives & Functions
Exercise the privilege of currency issue;
Endeavor to support the currency, maintain its stability internally and externally and ensure its free convertibility into foreign currencies;
Direct credit policy in such ways as to help achieve balanced growth of the national economy;
Organize and promote banking and supervise over the effectiveness of the banking system;
Undertake the function of the bank of the government within the limits prescribed in the law;
Advise the government on financial and monetary issues;
Maintain the government`s reserves of gold and foreign currencies.
Act as the bank for banks operating in the country;
Act as the State`s financial agent at the International Monetary Fund, the International Bank for Reconstruction and Development, and other International and Arab Funds and Institutions and carry out dealings of the State with such concerns.