The main responsibility of the Central Bank is formulation and implementation of banking, credit and monetary policies, to ensure the growth of the national economy of the UAE in a balanced manner.
The Central Bank is also working to maintain a fixed exchange rate of the dirham against the U.S. dollar and to ensure the free convertibility of the national currency into foreign currencies, in addition to its role as "Bank of Banks" and the Government's bank and its financial adviser.
The bank acts as the State's financial agent at the International Monetary Fund, the International Bank for Reconstruction and Development, and other International and Arab Funds and Institutions and carry out dealings of the State with such concerns.
Through application of effective prudential supervision policies, adoption of efficient monetary policy and operation of payment systems compatible with best practices, the bank maintains a sound banking sector and support stability of the UAE financial system to ensure balanced economic growth.
Contact address in Dubai:
Dubai Branch
P. O. Box 448 Dubai
Telephone: (9714) 3939777
Fax: (9714) 3939933 - 3937802
Telex: 45645 MARKZI EM
Address :
PO Box 448 , Dubai 04 3939777
About Us :
The Central Bank formally commenced its functions on 11 December 1980. The Central Bank aims to direct monetary, credit and banking policy and supervise its implementation in accordance with the State's general policy and in such ways as to help support the national economy and stability of the currency.
UAE