UAE Central Bank and Financial Institutions Decree-Law

Article 41 — Section Two: Operations with Financial Institutions, Monetary Authorities, and other Central Banks: Article (41) Opening of Accounts and Maintaining Financial Balances

Part One: The Central Bank · Chapter Five: Central Bank Operations · Section Two

The Central Bank may: 1. Open Dirham or foreign currencies accounts for Licensed Financial Institutions, securities exchanges and central counterparties, central securities depositories, operating in the State, other monetary authorities and central banks, non-resident financial institutions, international financial and monetary institutions, as well as Arab and international monetary funds. The Central Bank may pay or charge agreed interest on any financial balances held in such accounts.    2. Maintain financial balances referred to in item (1) of this article, in digital forms, in accordance with established rules and guidelines.

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