The Central Bank may conduct the following money and capital markets operations: 1. Purchase, re-purchase, sell, accept and place deposits of gold bullion and precious metals. 2. Maintain interest bearing and non-interest-bearing accounts for banks, other monetary authorities and central banks, and financial institutions, accept monetary deposits, and take assets into custody. 3. Open accounts or place monetary deposits with banks, other monetary authorities and central banks and other financial institutions inside and outside the State. 4. Issue bills payable upon demand and other types of payable financial transfers, at its head office, branches, and offices of its agents or correspondents. 5. Conduct foreign currency operations and external transfer operations with the Public Sector, Government-Related Entities, other monetary authorities and central banks, and Arab and international financial institutions and funds. 6. Issue securities in the name of the Central Bank, and sell and re-purchase, or pledge, and, or redeem such securities for the purposes of managing its open market operations. 7. Enter into securities lending and borrowing arrangements, purchase, or re-purchase, or sell, or pledge securities and other financial instruments as per established terms and conditions. 8. Purchase, re-purchase, and sell Shari`ah-compliant commodities, securities, and other financial products in order to develop Islamic liquidity management instruments. 9. Grant collateralized loans, advances, other credit facilities, and Shari`ah-compliant funding facilities to Licensed Financial Institutions, for the purpose of managing open markets operations, in accordance with the terms and conditions the Central Bank deems appropriate and determines from time to time. 10. Grant collateralized loans and advances to other monetary authorities and central banks, foreign banks, and international financial institutions, and obtain loans and advances therefrom, provided there is consistency of such operations with the Central Bank’s functions and jurisdictions. Interest or commission may be paid or charged for this purpose. 11. Borrow money, establish credit, and provide guarantees, in any currency, inside or outside the State or in a Financial Free Zone, in accordance with the terms and conditions the Central Bank deems appropriate for the purpose of conducting its own business. 12. Act as a correspondent banker or agent for other monetary authorities and central banks, financial institutions, and international or regional monetary funds. 13. Conduct all other operations as may be deemed by the Central Bank conducive to the achievement of its objectives and the discharge of its functions.
Interpretation and application must be checked against the official text and current version.