The Central Bank of the United Arab Emirates and the Central Bank of Bahrain announced the establishment of a bilateral currency swap agreement between the UAE dirham (AED) and the Bahraini dinar (BHD), with a nominal value of AED 20 billion (BHD 2 billion) and a tenor of five years. The agreement was signed in a virtual ceremony by CBUAE Governor Khaled Mohamed Balama and CBB Governor Khalid Humaidan. Both central banks positioned the swap as a mechanism to deepen financial and monetary cooperation, support trade and investment ties, promote the use of local currencies, and contribute to financial stability and regional financial integration.
Central Bank of the UAE 2026-04-08
Central Bank of the United Arab Emirates and Central Bank of Bahrain sign AED 20 billion five year currency swap agreement
The Central Bank of the United Arab Emirates and the Central Bank of Bahrain have established a bilateral currency swap agreement between the UAE dirham and the Bahraini dinar with a nominal value of AED 20 billion (BHD 2 billion) and a five-year tenor. The swap is intended to deepen financial and monetary cooperation, support trade and investment, promote the use of local currencies, and contribute to financial stability and regional financial integration.