About Central Bank of the United Arab Emirates
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.
1973 – The ‘Currency Board’ was established, as per Union Law No. (2) of 1973. The Currency Board issued the national currency that replaced the Bahraini Dinar and the Qatar and Dubai Riyal currencies that were in use at the time with the UAE Dirham.
1974 – The establishment of the Research and Statistics Center.
1978 – The establishment of the Banking Supervision Department… Continue reading about Central Bank of the United Arab Emirates here.