UAE president issues decree to restructure central bank

  • 7/17/2020
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ABU DHABI — President of the United Arab Emirates Sheikh Khalifa Bin Zayed Al Nahyan on Thursday issued a federal decree restructuring the board of directors of the country’s central bank, under the chairmanship of Sheikh Mansour Bin Zayed Al Nahyan, deputy prime minister and minister of presidential affairs. Pursuant to the decree, the board of directors of the central bank shall be reconstituted by the following members: Abdulrahman Saleh Al Saleh as the vice-chairman, Abdulhamid Mohammed Saeed as the governor, Younis Haji Al Khoori, Khalid Mohammed Salem Balama, Khalid Ahmad Humaid Al Tayer and Dr. Ali Mohammed Bakheet Al Rumaithi. Established under the UAE’s federal law as a public institution, the central bank promotes financial and monetary stability, efficiency and resilience in the financial system, and the protection of consumers through effective supervision that supports economic growth for the benefit of the UAE and its people. — WAM

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