Bahrain Monetary Agency
Encyclopedia
The Central Bank of Bahrain 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. Its responsibilities include:
The Bank is located in the Diplomatic Area
. It also houses a splendid coin & currency museum with collections dating back to 653
AD.
Bahrain
' , officially the Kingdom of Bahrain , is a small island state near the western shores of the Persian Gulf. It is ruled by the Al Khalifa royal family. The population in 2010 stood at 1,214,705, including 235,108 non-nationals. Formerly an emirate, Bahrain was declared a kingdom in 2002.Bahrain is...
gained its independence from the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. 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. Its responsibilities include:
- Implement monetary policy
- Supervise and regulate the banking sector
- Act as the government’s fiscal agent
- Encourage the growth of Bahrain as a major international financial centre
- Manage the foreign currency cash reserves of the Kingdom.
The Bank is located in the Diplomatic Area
Diplomatic Area
The Diplomatic Area is an area that is located within the Central Business District of Manama, the capital city of Bahrain, an island kingdom in the Persian Gulf....
. It also houses a splendid coin & currency museum with collections dating back to 653
653
Year 653 was a common year starting on Tuesday of the Julian calendar. The denomination 653 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years.- Europe :* Sigeberht II the Good succeeds Sigeberht I...
AD.