Learn about the Dubai banking system, and the opening of a Dubai offshore bank account. You will find details on the governing body, and you can see a full list of foreign and national banks that are currently operating in Dubai.
The Central Bank was established on the 11th December 1980, the bank formulates and implements monetary, credit and banking policy in accordance with the State’s general policy and in such ways as to help support the national economy and stability of the currency.
The Central Bank’s responsibility is to, exercise the privilege of currency issue, endeavor to support the currency, maintain its stability internally and externally and ensure its free convertibility into foreign currencies, direct credit policy in such ways as to help achieve balanced growth of the national economy, organize and promote banking and supervise over the effectiveness of the banking system, undertake the function of the bank of the government within the limits prescribed in the law, advise the government on financial and monetary issues, maintain the government’s reserves of gold and foreign currencies, act as the bank for banks operating in the country and act as the State’s financial agent at the International Monetary Fund, the International Bank for Reconstruction and Development, and other International and Arab Funds and Institutions and carry out dealings of the State with such concerns.
Financial Institutions Operating
Some of the national and foreign banks operating in UAE:
National Banks operating in UAE:
Foreign Banks operating in UAE:
To open a Dubai offshore bank account, or to learn how Starting Business can assist you with Dubai offshore banking, Contact Us today.