Central Bank of Bahrain


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" [cite web |author=Hamad ibn Isa Al Khalifah |date=2006-09-06 |url=http://www.bma.gov.bh/cmsrule/media/CBBLaw/Decree_64_2006_English.pdf |title=Decree No. 64 of 2006 with respect to promulgating the Central Bank of Bahrain and Financial Institutions Law |accessdate=2006-10-23] , the Bahrain Monetary Agency is now the Central Bank of Bahrain. Its responsibilities include:

* 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 reserves of the Kingdom.

The Bank is located in the Diplomatic Area. It also houses a splendid coin & currency museum with collections dating back to 653 AD.

ee also

* Bahraini dinar

References

External links

* [http://www.cbb.gov.bh Central Bank of Bahrain official site]


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