BMA to be replaced by central bank

Bahrain has issued a law setting up a central bank, which replaces the Bahrain Monetary Agency, Trade Arabia reported Thursday 7 September.

The central bank will co-ordinate with the finance ministry and other relevant government bodies, and continue the policies of the BMA, according to the Bahrain News Agency.

The Bahrain News Agency said King Hamad assigned to the new central bank the role of 'issuance of banknotes and deciding and implementing the appropriate monetary policy to achieve the

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