CBUAE played an integral role in enhancing the UAE’s global economic standing by ensuring a robust regulatory environment and compliance framework resulting in country’s removal from the FATF grey list
His Highness Sheikh Mansour bin Zayed Al Nahyan, Chairman of the CBUAE, initiated the first cross-border Digital Dirham payment on the mBridge Minimum Viable Product (MVP) platform
CBUAE leads on sustainable finance initiatives at the COP28, including the COP28 TechSprint to promote technology innovation and the mobilisation of AED 1 trillion in sustainable finance
The Union Law No (10) of 1980 saw the establishment of the CBUAE as a public institution. The Law No (10) also strengthened the functions of the Central Bank (previously assigned to the currency board) – H.E. Abdul Malik Yousef Al Hamar appointed Governor
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
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