Central Bank of Bahrain succeeds Bahrain Monetary Agency

The establishment of the Central Bank of Bahrain (CBB), to succeed the Bahrain Monetary Agency (BMA), is expected to further contribute to Bahrain’s strengths as the region’s leading financial centre. The CBB, which carries the full range of tasks previously undertaken by the BMA, is endowed with strong operational independence and a wider range of enforcement powers. This will help the CBB maintain clean markets, a feature that has been one of the strengths of Bahrain’s financial system, said Anwar Khalifa Al Sadah, Deputy Governor of the CBB. The CBB came into existence on 7 September 2006, following the enactment of the new Central Bank of Bahrain and Financial Institutions Law (CBB Law), which governs the activities of the Central Bank of Bahrain (CBB).

Bahrain is the financial centre of the Middle East. It serves both a regional and international market and provides a complete range of financial and banking services. 

Financial Institutions available in Bahrain :-

• Investment banks. 
• Commercial banks. 
• Specialized banks. 
• Offshore banking units. 
• Money and foreign exchange brokers.

The BMA is an independent Organization with a wide range of powers to preserve Bahrain's financial integrity.

The reasons why Bahrain remains an attractive region for Banking and Investments :-

• Free foreign exchange movement.
• No taxation. 
• Well-developed infrastructure and advanced telecommunications.
• Suitability of time zones.
• Major regional deposit-taking and lending opportunities. 
• Stable currency and banking environment. Why not try our Currency Converter?
• A trained and efficient workforce.
• Advanced Insurance Sector. 
• Role of Bahrain Monetary Agency.

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