Council news

Gulf Monetary Council Held its Sixty-Third Board Meeting

The Gulf Monetary Council (GMCo) held its sixty-third meeting for Board of Directors, Thursday, February 20, 2025, in Kuwait.

His Excellency Mr. Khaled Humaidan, the Governor of Central Bank of Bahrain, chaired the board meeting, which was attended by their Excellencies the Governors of national central banks in member countries, and in addition to participation of His Excellency GMCo’s president.

The Board meeting discussed a number of topics on the agenda and took the appropriate decisions in their regard.

The Board of Directors appoints the Governor of the Central Bank of Bahrain as Chairman

GMCo’s Board decided to elect Mr. Khaled Ibrahim Humaidan as the Chairman of the Board, and His Excellency Sheikh Bandar bin Mohammed bin Saoud Al-Thani as Vice Chairman. Their term of office starts on January 1, 2025, for a period of one year. The Board’s decision was taken as per Article (9) of the Statute, which states that “The Board of Directors shall elect a chairperson and a vice-chairperson among its members for a one-year office.”

Mr. Khaled Ibrahim Humaidan is currently the Governor of Central Bank of Bahrain, while His Excellency Sheikh Bandar bin Mohammed bin Saoud Al-Thani is the Governor of Qatar Central Bank. Accordingly, the Gulf Monetary Council wishes success to the Chairman and the Vice Chairman in the next term. The Monetary Council also thanks the former Chairman, His Excellency Mr. Basel A. Al-Haroon, Governor of Central Bank of Kuwait, for his efforts and wise management during the previous term.

Gulf Monetary Council Held its Sixty-Second Board Meeting

The Gulf Monetary Council (GMCo) held its sixty-second meeting for Board of Directors, Thursday, September 12, 2024, in Doha, Qatar.

His Excellency Mr. Basel Al-Haroon, the Governor of Central Bank of Kuwait, chaired the board meeting, which was attended by their Excellencies the Governors of national central banks in member countries, and in addition to participation of His Excellency GMCo’s president.

The Board meeting discussed a number of topics on the agenda and took the appropriate decisions in their regard.

Gulf Monetary Council Held its Sixty-Second Board Meeting

The Gulf Monetary Council (GMCo) held its sixty-second meeting for Board of Directors, Thursday, September 12, 2024, in Doha, Qatar.

His Excellency Mr. Basel Al-Haroon, the Governor of Central Bank of Kuwait, chaired the board meeting, which was attended by their Excellencies the Governors of national central banks in member countries, and in addition to participation of His Excellency GMCo’s president.

The Board meeting discussed a number of topics on the agenda and took the appropriate decisions in their regard.

The Gulf Monetary Council holds a meeting with IMF regional office in Riyadh

On Wednesday, May 29, 2024, the Gulf Monetary Council (GMCo) held a meeting with the regional office of International Monetary Fund (IMF) opened recently in Riyadh. His Excellency Mr. Turki bin Dhaif Allah Al-Mutairi, GMCo’s president, and Mr. Abdoul Aziz Wane, the director of IMF regional office participated in the meeting, along with a number of Monetary Council employees.

During the meeting, several topics were discussed including ways to enhance technical cooperation, exchange of experiences and economic studies aligned to meet common goals and tasks, and future working tracks between both sides.