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
Rate this page
Rated by 4 People
Thanks for rating