Harman Patil (Editor)

Central Bank of Bahrain

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Website
  
http://www.cbb.gov.bh

Founded
  
1973

Central bank of
  
Bahrain

Headquarters
  
Manama

Central Bank of Bahrain wwwuabonlineorgbankidphotos15cblogojpg

Established
  
1973; 44 years ago (1973)

President
  
HE Rasheed Mohammed Al Maraj

Currency
  
Bahraini dinar BHD (ISO 4217)

Preceded by
  
Bahrain Monetary Agency

Executive director
  
Mr. Abdul Rahman Mohammed Al Baker (Financial Institutions Supervision)

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Central bank of bahrain


The Central Bank of Bahrain was established in 1973 as the Bahrain Monetary Agency, shortly after Bahrain gained its independence from the United Kingdom. As per Decree No. 64 of 2006 with respect to promulgating the Central Bank of Bahrain and Financial Institutions Law, the Bahrain Monetary Agency is now the Central Bank of Bahrain. Its responsibilities include:

Contents

  • Implement monetary policy
  • Supervise and regulate the banking sector
  • Act as the government’s fiscal agent
  • Encourage the growth of Bahrain as a major international financial centre
  • Manage the foreign currency cash and gold reserves of the Kingdom.

    • The Bank is located in the Diplomatic Area. It also houses a splendid coin and currency museum with collections dating back to 653 AD. The current Central Bank of Bahrain governor is Rasheed Al Maraj. In November 2014, he has decided to further develop the kingdom's growing insurance sector. He acknowledged the necessity for the central bank to co-operate with the insurance market to support the insurance sector, also insisting on the insurance firms' obligations to fulfill towards social responsibility.

    Keynote address by h e rasheed mohammed al maraj governor central bank of bahrain


    References

    Central Bank of Bahrain Wikipedia
    (Text) CC BY-SA


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