Central Bank of Bahrain: A Major Regulator in the Financial World
About the Central Bank of Bahrain (CBB)
The Central Bank of Bahrain (CBB) is a public corporate entity established by the Central Bank of Bahrain and Financial Institutions Law 2006. It serves as the central bank of the Kingdom of Bahrain, responsible for setting and implementing monetary policy, regulating and supervising the entire financial sector in the country.
Key Responsibilities of the CBB
The CBB's responsibilities encompass a wide range of functions, including:
- Monetary Policy: Formulate and execute monetary policy to maintain price stability and support economic growth
- Financial Stability: Supervise and regulate the financial sector to ensure its soundness and resilience
- Banking Supervision: License, supervise, and inspect banks and other financial institutions operating in Bahrain
- Financial Markets: Oversee the development and regulation of financial markets, including the Bahrain Bourse
- Currency Management: Issue and manage the Bahraini dinar
The CBB's mission is to contribute to the Kingdom's economic and financial stability, foster financial inclusion, and promote a sound financial system. Its role as the central bank of Bahrain makes it a crucial player in shaping the country's financial landscape and ensuring the well-being of the financial sector.
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