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Central Bank of the United Arab Emirates

After the creation of the United Arab Emirates in 1971, a ‘Currency Board’ was established in May 1973, as per Union Law No. (2) of 1973. The Currency Board was mandated to issue the national currency that replaced the Bahraini Dinar and the Qatari and Dubai Riyal currencies in use at the time.

The UAE Dirham went into circulation in May 1973. Within weeks, other currencies in use were replaced by the UAE Dirham, at the rate of one UAE Dirham to a Qatari/Dubai Riyal and ten UAE Dirhams to a Bahraini Dinar.

The Currency Board's functions were limited to issuing the UAE Dirham and ensuring its full coverage in gold and foreign currencies. The value of the UAE Dirham in gold stood at 0.186621 grams and it was pegged to the US Dollar at a rate of 3.94737 to a dollar, within a narrow margin.

Despite its limited mandate, the Currency Board was instrumental in ensuring the efficient organizationand soundness of the banking sector.With technical support from the International Monetary Fund, the Currency Board prepared collected and classified detailed monetary and banking statistics. The Currency Board also issued annual reports and bi-annual economic bulletins.

IT Division
Position	Requirements	Nationality	Closing Date
Manager – Payment Systems	View	Open	30-04-2015	Apply
IT Storage Administrator	View	Open	30-04-2015	Apply
Developer	View	Open	30-04-2015	Apply
Senior Engineer Infrastructure & Network	View	Open	30-04-2015	Apply
Senior IT Architect	View	Open	30-04-2015	Apply
Specialist IT Processes & Control	View	Open	30-04-2015	Apply
Specialist IT Projects & Quality	View	Open	30-04-2015	Apply
Team Leader - External Applications	View	Open	30-04-2015	Apply
Network Engineer	View	Open	30-04-2015	Apply