Central Bank of the United Arab Emirates
UAE Central Bank is the central bank of the United Arab Emirates, based in the UAE capital Abu Dhabi. Bank of the most important roles is to regulate the monetary, credit and banking policy in the country and supervise its implementation. Bank is the official body that put the currency in the country, the dirham.
The role and powers:
1-Issuing money in accordance with the provisions set forth in the law,
2-Work to support the currency and maintain its stability at home and abroad and to ensure the free convertibility into foreign currencies,
3-Work on Wagih credit policy as to help achieve a balanced growth of the national economy,
4-Organize and promote banking and monitor the effectiveness of the banking system, according to the provisions of the law,
5-Act as the bank of the government,
6-Advise the government on monetary and financial affairs,
7-Baanaiti keep the government from gold and foreign currency,
8-Work as a bank for banks operating in the country,
9-Act as the financial agent of the government at the International Monetary Fund and the World Bank for Reconstruction and Development and other Almaossat funds and Arab and internationalcriticism has also been authorized to take over all Muammlat State with such concerns.
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