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Bahrain Dinar Hits 17-Year Low vs dollar as Hedge Funds Sell- Reuters
2018-06-26
Bahrain�s dinar fell to a 17-year low of 0.38261 against the dollar in the spot market on Tuesday as hedge funds sold the currency in the forward market because of concern about the country�s rising public debt, bankers in the region said.
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CBB Raises Basic Interest Rate
2018-06-18
Bahrain�s central bank said on Wednesday it was raising its key policy interest rate by 25 basis points, from 2.00 % to 2.25%.
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Bahraini Currency in Circulation outside CBB Reached 687.8 Mln in April
2018-06-01
The Bahraini dinar currency in circulation in all its categories outside the Central Bank of Bahrain (CBB) increased by 4.66% last April on an annual basis, according to data issued by CBB, reported Al-Ayam newspaper. The value of currency in circulation by the end of April reached 687.8 million BD, versus 655.9 million BD in the same month in 2017.
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Bahrain Central Bank's Foreign Assets up in April from 7-Month Low
2018-05-27
Net foreign assets at Bahrain�s central bank, an indication of its ability to defend its currency against any market pressure, rebounded last month after dropping to a seven-month low in March, central bank data showed on Thursday.
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Bahrain: Foreign Reserves Drops to Lowest Level at Only 533 Mln Dinars
2018-05-15
Bahrain's foreign assets have fallen by 49.2% in March, according to official data from the Central Bank of Bahrain.
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Central Bank of Bahrain's Net Foreign Assets Drop to Six-Month Low
2018-04-14
Net foreign assets at Bahrain�s central bank dropped to a six-month low of 604.8 million dinars ($1.60 billion).
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Bahrain Asked Credit Rating Agencies to Improve their Financial Status after Oil Discovery
2018-04-12
The Central Bank of Bahrain (CBB) said it had approached credit rating agencies to improve Bahrain's credit status in light of the country's biggest oil discovery.
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Bahrain Says it may Return to Global Market after Calling off Part of Bond Issue
2018-03-29
Bahrain may return to the international debt market to raise funds later this year, its central bank said on Thursday, after investors� concern about its rising public debt level caused it to call off part of a planned bond issue this week.
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CBB: Bahrain Succeeded in Borrowing $1 Billion from International Markets
2018-03-29
The Central Bank of Bahrain said that Bahraini government successfully priced a Rule 144A/RegS international USD 1 billion 6.875% Oct-2025 sukuk offering. The transaction received strong global investor interest, with the orderbook peaking at around USD 2.1 billion (2.1x of the total amount raised) from more than 100 investors.
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Central Bank of Bahrain Obligates Banks to Set Ceiling on Service Charges
2018-03-29
The Central Bank of Bahrain (CBB) has issued a circular for banks to set a ceiling on bank charges that can not be crossed.
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Central Bank of Bahrain Denies Cancelling License of Turkish Bank
2018-03-26
The Central Bank of Bahrain (CBB) denied that it had cancelled the license of Turkiye Is Bankasi AS, a conventional wholesale bank (branch) licensed in Bahrain.
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Bahrain Central Bank Raises Rates by 25 bps
2018-03-22
Bahrain�s central bank said on Wednesday it was raising policy interest rates by 25 basis points, after the U.S. Federal Reserve�s decision to hike rates by that margin.
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BCC Says It Canceled License of Company Affiliated to British Bank, Bank �Operates Normally�
2018-03-20
An official source from the Central Bank of Bahrain said that published decision in the official gazette regarding the cancellation of the Representative Office license of �HSBC Bank PLC� affects this office �the company� affiliated to HSBC Bank and not the bank itself.
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Central Bank of Bahrain Calls on Parliament to Review Parliamentary Law Aimed at Imposing Fees on Remittances
2018-03-18
The Central Bank of Bahrain called on the Parliament to review a parliamentary law aimed at imposing fees on remittances.
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CBB Cancels Turkish Bank License in Bahrain amid Surge Saudi-Turkish Differences
2018-03-16
Central Bank of Bahrain announced cancelling the license granted to the Turkish bank �Turkiye Is Bankasi AS�, amid an increase in differing views between Saudi Arabia and Turkey.
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Bahrain Central Bank Governor Says More Austerity Inevitable in Country
2018-02-21
Bahrain�s central bank governor said on Tuesday that the country�s economic growth might accelerate because of the recovery of oil prices since mid-2017, but he warned that the government needed to be careful about its budget deficit.
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CBB Governor: Dinar is Stable, No Intention to Detach it from USD
2018-02-08
Central Bank of Bahrain (CBB) Governor Rashid Al-Miraj said that the bank is currently studying the operational environment of digital currencies to put appropriate regulatory restrictions and controls, indicating that the study needs 9 months, during which the risks and control mechanisms will be studied.
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Reuters: Gulf Row Holds Back Single Currency Plan- CBB Governor
2017-10-27
A row between Qatar and some other Gulf Arab states has paused progress to a single currency in the six-nation Gulf Cooperation Council (GCC), Bahrain�s central bank governor said on Thursday, adding he hoped work on the project would resume soon.
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Bahrain Central Bank Says Banks Need Breathing Space over Global Regulations
2017-10-26
Bahrain�s central bank governor said on Thursday that stricter international bank rules, known as Basel III, had gone too far and banks had been burdened with too much regulation.
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Director in CBB: Compulsory Health Insurance Premiums to Constitute 35% of Insurance Premiums
2017-10-15
Executive Director of Financial Institutions Supervision in Central Bank of Bahrain Abdul Rahman Al-Baker expected that the share of the total health insurance premiums will increase to at least 35% in case the compulsory health insurance is implemented.