About Us

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.

2018

Decretal Federal Law No. (14) of 2018 regarding the Central Bank & Organisation of Financial Institutions and Activities issued 

2014

H.E. Mubarak Rashed Al Mansoori appointed Governor

2012

Regulatory Development Division was formed, Central Bank publishes its first Financial Stability Report

2009

Financial Stability Unit was formed

2000

Formation of the National Anti-Money Laundering Committee

1991

H.E. Sultan Bin Nasser Al Suwaidi appointed Governor

1988

Anti-Money Laundering and Suspicious Case Unit (AMLSCU) was established

1982

Formation of the Risk Bureau

1980

The Union Law No (10) of 1980 saw the establishment of the Central Bank of the UAE as a public institution. The Law No (10) also augmented the functions of the Central Bank (previously assigned to the currency board) – H.E. Abdul Malik Yousef Al Hamar appointed Governor

1978

The establishment of the Banking Supervision Department

1974

The establishment of the Research and Statistics Center

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 Qatari and Dubai Riyal currencies that were in use at the time with the UAE Dirham

Our Vision

Promoting monetary and financial stability towards sustainable economic growth.

Our Mission

Enhancing monetary and financial stability through effective supervision, prudent reserve management, and robust financial infrastructure in line with international best practices and standards.

Objectives

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.

Our Values

Proactive

Establishing a proactive mindset that increases ownership, accountability, and innovation through empowering and enabling employees across all levels and facilitating effective decision making.

Transparent

Creating transparency and openness with the highest integrity across the organisation through effective communication and collaboration.

Talent-Centric

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.
H.E. HAREB AL DARMAKI

H.E. Hareb Masood Al Darmaki is an Advisor in H.H. the Managing Director's Office since 2015 and Deputy Chairman of ADIA’s Investment Committee since 2011 - having been a member of that Committee since 1976 - to 2018. In that capacity, he was involved mainly in economic factors and strategic investment issues. 

Joined ADIA since 1976 during its setup and was in charge of global Bond and Equity department from 1976 to 1987. From 1987 and after dividing the department into geographical units and defining their responsibilities to 1998, he was in charge of European Bond and Equities department as well as the department of Global Private Equity. In addition, he has been in charge of Private Equity’s department from 1998 to 2015. He is also a Board Member of ADIA Audit Committee since 2018.
Outside of ADIA, he holds multiple positions, including Chairman of Gulf Capital, Board member of Emirates Investment Authority and a member of its Executive Committee and the Chairman of Central Bank of UAE.
H.E. Al Darmaki held numerous positions in the past as; Chairman of Abu Dhabi Investment Company, Chairman of Abu Dhabi Securities Market, Board member of AXA Green Crescent Insurance Company and the Chairman of its Investment Committee, Chairman of Investment Committee of The Zayed Bin Sultan Al Nahyan Charitable & Humanitarian Foundation, Board Member of Arab Banking Corporation, Board Member of Qatar Telecom (Ooredoo), Board member of the UAE Central Bank, and he has served both as a board member and a member of some committees at National Bank of Abu Dhabi, Chairman of Global Investment House in Kuwait and a Board Member of Al Hilal Bank.

H.E. ABDULRAHMAN AL SALEH

H.E. Abdulrahman Saleh Al Saleh is the Director General of the Government of Dubai's Department of Finance (DOF) since 2009. He also chairs the Board of Directors of the Dubai Financial Support Fund, and a member of the Executive Council of Dubai, as well as a member of the Dubai's Strategic Affairs Council.
H.E. Al Saleh is a member of a number of highly esteemed boards, including Dubai's Supreme Fiscal Policy Committee, Dubai World, the Federal Tax Authority as well as the Emirates National Oil Company (ENOC).
In a presidential decree issued in December 2018, H.E. Al Saleh was appointed as Vice Chairman of the Board of Directors of the United Arab Emirates Central Bank.
Previously, H.E. DOF's Director General has held many leadership and financial positions in a number of government entities at the local and federal levels, including the Senior Executive Director for Financial and Administrative Affairs at Dubai Customs. He also chaired a number of committees, notably the VAT Committee at Dubai Customs. He also oversaw and participated in a number of other regulatory and strategic committees, including the Executive Credit Policy Committee and the Indirect Taxation Working Group.
H.E. Al Saleh is a fellow member of the Chartered Institute of Management Accountants (CIMA) in the United Kingdom and holds an MBA degree from the American University of Sharjah.

H.E. MUBARAK RASHED AL MANSOORI

H.E. Mubarak Al Mansoori is the Governor of the Central Bank of the UAE, a role he has held since September 2014. H.E. brings nearly 30 years of experience to this position, where he is responsible for leading CBUAE in the regulation of banks and financial institutions and management of currency and monetary policy across the Emirates. In addition to this role, H.E. is also the CEO of Emirates Investment Authority where he has served since May 2008. 
Prior to his current roles, H.E. was the Director General at the Abu Dhabi Retirement Pensions & Benefits Fund, which he founded in 2000. He held this position for eight years. H.E. began his career in 1991 in the North American Equities Department at ADIA. 
Throughout his career, H.E. has also held a number of prestigious Board positions with both local and international companies. This includes the Securities & Commodities Authority (UAE), Abu Dhabi Securities Exchange (UAE), Etisalat Group (UAE), Etisalat Misr (Egypt), Mobily (KSA), The Arab International Bank (Egypt), Arab Banking Corporation  (Bahrain, Egypt and Jordan), Banco Atlantico (Spain), Bildco (UAE), Tabreed (UAE) and Abu Dhabi Holding Company (UAE). 
H.E. holds an MBA and a Bachelor’s Degree in Finance from Indiana State University, USA. He is fluent in Arabic and English.

H.E. YOUNIS HAJI AL KHOORI

H.E. Younis Al Khoori is the Undersecretary at the Ministry of Finance UAE, a position he has held since 2007. In this role, H.E. is responsible for managing the day-to-day activities of areas such as governing budget, revenue operations, revenue diversifications, financial policies and procedures, and support functions. 
H.E. also supervises the UAE’s tax and budget related matters as well as agreements including ‘avoidance of double taxations’ and exchange of tax information with OECD and FATCA. With such an important role in the financial sector, H.E. also assists in managing the UAE’s relations with regional and international institutions such as the IMF, World Bank, Arab Monitory Fund, and OPEC Fund. 

Prior to his current roles, H.E. worked as the IT Director at the Department of Finance from 1997-2005. From 1995 – 1997, he was a Project Engineer at Abu Dhabi National Oil Company (ADNOC). In addition to his roles, H.E. has served on the board of several organisations which include the Central Bank of the UAE, UAE General Pension and Social Services Authority, Emirates Development Bank, UAE University, Al-Etihad Credit Bureau, Federal Tax Authority and the Arab Monitory Fund.
H.E. holds a Bachelor of Science in Computer Engineering from Boston University, USA and a Master of Science in Engineering Management from Northeastern University, USA.

H.E. KHALID MOHAMMED SALEM BALAMA
H.E. Khaled Mohammed Balama is the Executive Director of the Real Assets Department at Abu Dhabi Investment Council, a role he has held since 2008. H.E. has worked with Abu Dhabi Investment Council since 1990 and has since held a number of prestigious roles. Prior to his current position, H.E. was the Head of the Tactical Asset Allocation Unit from 2004-2007. From 1997 – 2004, he was the Deputy Director at the Evaluation and Follow Up Department. Before this, he was the Assistant Advisory from 1995 – 1997 and was a Financial Analyst in the European Equities Department from 1990 – 1995. In addition to his role with Abu Dhabi Investment Council, H.E. currently sits on the board of a number of entities. This includes the Central Bank of the UAE since 2008, the General Pension and Social Security Authority since 2010, the Emirates Driving Company since 2001 and the Emirates Integrated Telecommunications Company (du) since 2015.  H.E. graduated in 1990 with a Bachelor of Science in Finance from Indiana University, USA and has held the Chartered Financial Analyst (CFA) professional credential since 1995.
H.E. ALI MOHAMMED BAKHEET AL RUMAITHI

H.E. Dr. Ali Mohammed Bakhit AlMadawi Al Rumaithi has acted as the economic and regulatory issues advisor for the Dubai government since 2017. In addition to his current role, Dr. Al Rumaithi is also a board member of Central Bank of the UAE.
Dr. Ali Mohammed Bakhit AlMadawi Al Rumaithi has served over 23 years with the Dubai Police Force. From 1999-2017, his responsibility with the was to build a new police vision to study legal and economic decision implications on crime and society’s wellbeing. Over the years, he has built great international cooperation to combat local and international crime.

Dr. Al Rumaithi is a registered member of the Chartered Institute of Arbitrators from the UK. He holds a PhD in Banking Regulations from the University of Leeds, UK, and a Master’s degree in International Political Economy from the University of Sheffield, UK. 

Dr. Al Rumaithi has also received a number of prestigious awards over throughout his career. This includes the Dubai Government Honesty Award, Dubai Government Excellency First Class Award, and two awards from the Sheikh Rashid Awards for Academic Excellence.

H.E. KHALID AHMED ALTAYER

H.E. Khalid Al Tayer is the Chief Executive Officer at Al Tayer Insignia, a role he has held since 2011.  Al Tayer Insignia is the retail subdivision of Al Tayer Group, a multi-division conglomerate based in the UAE. Al Tayer Insignia represents over 60 luxury, lifestyle, beauty and hospitality brands. 
Prior to joining Al Tayer Group as Group General Manager in 2005, H.E. worked at McKinsey & Co. and Emirates Financial Services. In 2000, H.E. co-founded Makook.com, an internet start-up which provided an online auction platform to the UAE market. The platform was recognized at the Dubai Internet City E-Biz Challenge.
In addition to his current roles, H.E. serves on the Board of Directors for Taaleem Holdings PSC and the Board of the Retail Business Group at the Dubai Chamber. 
H.E. graduated with a Bachelor of Science in Entrepreneurship, Corporate Finance and Economics from Babson College, USA in 1999.

Banking Operations

The Banking Operations Department provides banking services and currency management services for transactions in all payment systems operated by the CBUAE.

Banking Supervision

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.

Consumer Protection

Consumer Protection Department works to protect consumers from financial misconduct through education, policy-making, and compliance monitoring and tracking of complaints resolution.

Financial Intelligence

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.

Financial Stability

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.

Monetary Management

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.

Reserve Management

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.

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Core Functions

Banking Operations

The Banking Operations Department provides banking services and currency management services for transactions in all payment systems operated by the CBUAE.

Banking Supervision

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.

Consumer Protection

The Consumer Protection Department works to protect consumers from financial misconduct through education, policy-making, and compliance monitoring and tracking of complaints resolution.

Financial Intelligence

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.

Financial Stability

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.

Monetary Management

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.

Reserve Management

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.

Abu Dhabi - Head Office

Al Ain Branch

P.O. Box: 1414 Al Ain
Telephone: (+971) 37656656
Fax: (+971) 37664777

Parking available

Dubai Branch

P.O. Box: Box 448 Dubai
Telephone: (+971) 43939777
Fax: (+971) 43939933 - 3937802
Address: 5 26th St

Parking available

Fujairah Branch

P.O. Box: 768 Fujairah
Telephone: (+971) 92224040
Fax: (+971) 92226805

Parking available

Ras Al Khaimah Branch

P.O. Box: 5000 Ras Al Khaimah
Telephone: (+971) 172284444
Fax: (+971) 172284646
Address: Al Muntasir Rd

Parking available

Sharjah Branch

P.O. Box: 645 Sharjah
Telephone: (+971) 65592592
Fax: (+971) 65593099 - 5593977

Parking available

Media Center

Abu Dhabi

box
P. O. Box 854
phone
Operator: +971 2 691 5555