It is a public corporate entity that was established by the Central Bank of Bahrain and Financial Institutions Law 2006. on 6 September 2006.

Its responsibilities include, implement monetary policy, supervise and regulate the banking sector, acting as the government's fiscal agent, encouraging the growth of Bahrain as a major international financial centre, and to manage the foreign currency, cash and gold reserves of the Kingdom.

The bank also houses a coin and currency museum with collections dating back to 653 AD.

Module CFP will be found under CBB Rule book – Volume 5: Type 7 – Ancillary Service Providers.

[3] The current Central Bank of Bahrain governor is Rasheed Al Maraj.