The Central Bank shall: 1. Determine its monetary management framework, related tools and operational set-up for implementation of its monetary policy objectives, including policies relating to the management of the exchange rate of the Dirham and money markets in the State. 2. Determine the Dirham’s exchange rate regime, after approval by the Cabinet. 3. Take necessary measures to manage and control the official exchange rate of the Dirham, as per the guidelines set by the Board of Directors to ensure functioning of money and capital markets in the State.
Interpretation and application must be checked against the official text and current version.