Bahrain Central Bank Establishes New Policy
CBB to Implement New Monetary Policy
Bank to Regulate and Supervise Financial Sector
The Central Bank of Bahrain (CBB) has announced a new policy that will establish it as the central bank of Bahrain. This new policy will give the CBB the authority to set and implement monetary policy in the Kingdom of Bahrain, as well as regulate and supervise the whole of Bahrain's financial sector.
This new policy is a significant development for the CBB, which was previously known as the Bahrain Monetary Agency. The CBB Law, which was passed in 2006, established the CBB as a public corporate entity and set out its powers and responsibilities.
The CBB's new policy is expected to have a positive impact on the Bahraini economy. By giving the CBB the authority to set and implement monetary policy, the government hopes to stabilize the economy and promote growth.
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