Central Bank of Bahrain

The Central Bank of Bahrain, sometimes known simply as the CBB, is Bahrain's central bank. It is a publicly traded company that was founded in accordance with the Central Bank of Bahrain and Financial Institutions Law of 2006. It was established on September 6th, 2006 initially. The Central Bank of Bahrain was founded as a result of Decree No. 64 of 2006, which was related to the promulgation of the Central Bank of Bahrain and Financial Institutions Law. This decree took the place of the Bahrain Monetary Agency. The Bank may be found in the Diplomatic Quarter of Manama, which is in the country of Bahrain.

Rasheed Al Maraj is serving as the governor of the Central Bank of Bahrain at the present time. In November of that year, King made the decision to further strengthen the rapidly expanding insurance industry in the country. He admitted that it was necessary for the Central Bank to collaborate with the insurance market in order to provide assistance for the insurance industry, and he insisted that insurance companies were obligated to meet the social responsibility requirements that were placed on them. The Governor of the Central Bank of Bahrain also serves as the Chairman of the Board of Directors of the Bahrain Stock Exchange.

After Bahrain achieved its independence from the United Kingdom in 1973, the country's monetary authority was one of the first institutions to be created in the country. In addition, the bank is home to a coin and money museum with exhibits going all the way back to the year 653 A.D.

On April 29, 2022, the Bank made an announcement on new laws that comprise rules related crowdfunding platforms that are based on equity and crowdfunding platforms that are based on finance. These regulations are included in the Crowdfunding Platform Operators Module (Module CFP). You'll be able to find the Module CFP in the CBB Rule book's Volume 5: Type 7 – Ancillary Service Providers section.