Central Bank of The UAE Security Rating

The Central Bank of the United Arab Emirates (CBUAE) is the central bank of the United Arab Emirates. It was established in 1980 and is headquartered in Abu Dhabi. The CBUAE is responsible for issuing the UAE dirham, managing the country's foreign reserves, and overseeing the UAE's banking and financial system. The CBUAE's vision is to be among the top central banks globally in promoting monetary and financial stability and supporting the UAE's competitiveness. Its mission is to enhance monetary management, financial stability, and protecting consumers through effective supervision of Licensed Financial Institutions, prudent management of reserves, robust financial infrastructure, and the adoption of digital technologies. The CBUAE's key responsibilities include: Formulating and implementing monetary and exchange rate policies Issuing and managing the UAE dirham Managing the UAE's foreign reserves Overseeing the UAE's banking and financial system Protecting consumers of financial services Promoting financial literacy and awareness The CBUAE is governed by a board of directors, which is chaired by the Governor of the Central Bank. The Governor is appointed by the President of the UAE for a five-year term. The CBUAE is a member of the Bank for International Settlements (BIS) and the World Bank. It is also a member of the Arab Monetary Fund and the Gulf Cooperation Council (GCC) Monetary Council.