How Independent are Arab Central Banks?

- Central Banking staff
- 19 May 2003

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This article says one way to measure the independence of a central bank is to consider the period of the governor's term and how often it is renewed. A number of Arab central bank governors and their deputies, it says, have so far enjoyed very lengthy terms which exceeded that of their peers at the more independent central banks worldwide.

First published by the Middle East Financial Network, 18 May.

The objectives and functions of Arab central banks have changed over the years as their emphasis

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