BankHeadOffice.com         Bank Head Office Worldwide   ♦ Loan Calculators ♦ Mortgage Guides ♦ Banking FAQs ♦ Banking Institutions ♦ Central Banks Worldwide       Home  »  Central Banks Worldwide  »  Central Bank of Bahrain Central Bank of Bahrain The Central Bank of Bahrain (CBB) 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, the Bahrain Monetary Agency is now the Central Bank of Bahrain. The CBB is responsible for maintaining monetary and financial stability in the Kingdom of Bahrain. It succeeded the Bahrain Monetary Agency, which had previously carried out central banking and regulatory functions since its establishment in 1973 (shortly after Bahrain secured full independence from Great Britain). The CBB's wide scope of responsibilities allows a consistent policy approach to be undertaken across the whole of the Kingdom's financial sector. It also provides a straightforward and efficient regulatory framework for financial services firms operating in Bahrain. The Central Bank of Bahrain sets all the standards that each bank must comply at all times, including those relating to:  • liquidity ratios of banking system in Bahrain;  •  the used of capital in banking system;  • It keeps and manages the foreign reserve of the Bahrain;  • It acts as banker, advisor to, and as fiscal agent, of the government of the Bahrain;  •  It has the exclusive right to issue and circulate the national banknote and currency; and  • It licenses or revokes a license on exercising banking activity and supervises the banking activity to ensure the banking system stability.   Central Bank of Bahrain HQ Address: King Faisal Highway Diplomatic Area Block 317, Road 1702, Building 96 Manama Kingdom of Bahrain Telephone: +973 1754 7777 Facsimile: +973 1753 0399 Website: www.cbb.gov.bh Swift Code: BMAGBHBM Currency: Bahrain dinar Banking Hours: Sunday to Thursday : 07.00 - 14.15   The Central Bank of Bahrain's mandate is prescribed in the Central Bank of Bahrain and Financial Institutions Law 2006. Article 4 of the same law specifies various specific duties and powers of the Central Bank. They include the issuance of the national currency; the licensing, regulation and supervision of persons undertaking regulated financial services; the provision of banking services to the Government; and managing the Kingdom's gold and foreign currency reserves.   DISCLAIMER The content comes from Internet, reasonable efforts are made to maintain accuracy of information published. However, information could contain errors or inaccuracies and is presented without warranty and statutory means. No liability is assumed for errors or omissions. Viewers are advised to consult their banker or financial consultant for complete information and their professional advise. All trademarks, logos, brand names and copyrights are the property of their respective owners. © 2011 - 2022 BankHeadOffice.com ® All Rights Reserved