Central Bank of Bahrain

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Central Bank of Bahrain
مصرف البحرين المركزي
Headquarters	Manama, Bahrain
Established	1973; 51 years ago (1973)
Central bank of	Bahrain
Currency	Bahraini dinar BHD (ISO 4217)
Preceded by	Bahrain Monetary Agency
Website	http://www.cbb.gov.bh

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,^[1] 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 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.^[2]

References

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External links

Central Bank of Bahrain official site

Central banks

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Policies and implementation

Policies	Capital requirement Contractionary monetary policy Expansionary monetary policy Basel II Basel III Basel 4
Implementation	Capital control Discount rate Interest rates Money creation Open market operation Sovereign wealth fund

Bretton Woods system
International Monetary Fund World Bank Group International Bank for Reconstruction and Development International Centre for Settlement of Investment Disputes International Development Association International Finance Corporation Multilateral Investment Guarantee Agency

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Names in italics indicate non-sovereign (dependent) territories, former countries, or states with limited recognition

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