The Central Bank of the UAE (CBUAE)
The Central Bank of the UAE (CBUAE) promotes financial and monetary stability, efficiency and resilience in the financial system, and the protection of consumers through effective supervision that supports economic growth for the benefit of the UAE and its people.
Promoting monetary and financial stability towards sustainable economic growth.
Enhancing monetary and financial stability through effective supervision, prudent reserve management, and robust financial infrastructure in line with international best practices and standards.
The Central Bank of the UAE aims to achieve the following objectives:
·Maintain stability of the national currency within the framework of the monetary system.
·Promotion and protection of the stability of the financial system in the state.
·Ensure prudent management of the Central Bank’s foreign reserves.
Establishing a proactive mindset that increases ownership, accountability, and innovation through empowering and enabling employees across all levels and facilitating effective decision making.
Creating transparency and openness with the highest integrity across the organisation through effective communication and collaboration.
Building a caring, talent-centric organisation that rewards and recognises employees and emphasises their development.
The Central Bank's official mandate includes:
·To prepare and implement monetary policy in line with the National Agenda.
·To exercise the privilege of currency issuance.
·To organise Licensed Financial Activities, establish the foundations for carrying them out, and determine the standards required for developing and promoting prudential practices.
·To set up appropriate regulations and standards for protection of customers of Licensed Financial Institutions.
·To monitor the credit condition in the state, in order to contribute to the achievement of balanced growth in the national economy.
·To manage foreign reserves to maintain, at all times, sufficient foreign currency assets to cover the monetary base.
·To regulate, develop, oversee and maintain soundness of the Financial Infrastructure Systems in the state, including electronic payment systems, digital currency, and stored value facilities.
Board of Directors
H.H. Sheikh Mansour Bin Zayed Al Nahyan - CHAIRMAN
H.E. ABDULRAHMAN AL SALEH- DEPUTY CHAIRMAN
H.E Abdulhamid M. Saeed Alahmadi - GOVERNOR
H.E. YOUNIS HAJI AL KHOORI - MEMBER
H.E. KHALED MOHAMMED SALEM BALAMA- MEMBER
H.E. ALI MOHAMMED BAKHEET AL RUMAITHI - MEMBER
H.E. KHALID AHMED ALTAYER- MEMBER
The Banking Operations Department provides banking services and currency management services for transactions in all payment systems operated by the CBUAE.
The Banking Supervision Department is responsible for regulating the UAE banking sector through licensing financial institutions, issuing effective policy and regulations, surveillance to ensure compliance by regulated entities, and enforcement in case of non-compliance.
The Consumer Protection Department works to protect consumers from financial misconduct through education, policy-making, and compliance monitoring and tracking of complaints resolution.
The Financial Intelligence Department oversees the collection, analysis, and dissemination of information to combat money laundering, illicit organisation financing and the financing of terrorism to protect the UAE financial system from abuse by criminals and terrorist financiers, and counter reputational risks.
The Financial Stability Department maintains and promotes financial stability in the financial system, by identifying and monitoring potential, current and future risks. The department forms macroprudential policy and applies macroprudential tools to reduce systemic risks to the financial system.
The Monetary Management Department implements CBUAE’s monetary policy objectives through the development of the monetary management framework for the domestic market and management of day-to-day use of related policy tools.
The Reserve Management Department is responsible for the management of CBUAE reserves as defined by the Reserve Management Policy and the asset allocation approved by the Board of Directors.
Research and Statistics
The Research and Statistics Department supports CBUAE and government policy-making by publishing reports based on research and analysis, and by maintaining relationships with international organizations that provide input for policy-making.
P. O. Box 854
Operator: +971 2 691 5555