Unified UAE Legislation Database

Federal Law No. 10 of 1980 Concerning the Central Bank, the Monetary System and Organization of Banking

Status

In force

Issuing Authority

President of the UAE

Effective date

XX.XX.XXXX

Official Link

https://

NOT IN FORCE. This law has been abrogated by Federal Decree-Law No. 14 of 2018.

 

We, Zayid Bin Sultan Al Nahayan, President of the United Arab Emirates, having perused 

- the Interim Constitution;

- and Federal Law No. 1 of 1972 concerning jurisdictions of the Ministries and powers of the Ministers and the amending laws thereof;

- and Federal Law No. 2 of 1973 establishing the United Arab Emirates Currency Board;

- and Federal Law No. 7 of 1976 establishing the State Audit Institution;

- and in accordance with the proposal of the Prime Minister, approved by the Council of Ministers and ratified by the Supreme Council of the Union;

Promulgated the following Law 

 

Article 1 - Definitions

In application of the provisions of this Law, and unless the context otherwise requires, the following words and expressions shall have the meanings cited against them below:

 

"The Government": is the Federal Government.

 

"The Public Sector": is the Federal Government, Governments of the Union's member Emirates, public institutions and organizations, municipalities, and companies fully owned by...