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Article (9) Required Statements & Accounts Reports

Fed Law 14/2018 Issued on 1/10/2018

1) Within three (3) months from end of the financial year, the Central Bank shall submit to the President of the State an annual report on the following:

       a. The Central Bank’s final accounts of the year, certified by the auditors of accounts. Such accounts shall be published in the Official Gazette.

      b. Central Bank’s activities and businesses during the financial year.

      c. An overview of monetary, banking and financial developments in the State.

2) The Central Bank shall submit the following to the Minister:

      a. Copy of the annual report referred to in item (1) of this article.

      b. The information the Minister may request on monetary, banking and financial developments in the State, along with semi-annual reports covering all aspects related to such developments.

      c. A quarterly statement on the Central Bank’s assets and liabilities, which shall be published in the Official Gazette.