Not just an oil economy.

The Middle EastNbr. 2006, January 2006

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Summary


United Arab Emirates - Interview - Agency overview

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Extract


Not just an oil economy.

ESTABLISHED IN 1980, the Central Bank of the UAE has the responsibilities of issuing the emirates currency, the UAE dirham (UAD) and maintaining its stability internally and externally as well as ensuring its free convertibility into foreign currencies. The Central Bank also directs credit policies to help achieve a balanced growth of the national economy while supervising the banking system.

Furthermore, the Central Bank undertakes the function of the bank of the government within the limits prescribed in the law; advises the government...

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