Emirate of Dubai the United Arab Emirates, thus ending their status as British Protectorates. The ruler of the emirate is Sheikh Mohammed bin Rashid Al Maktoum, and the emirate is governed by the Government of Dubai. The emirate is made up of various other municipalities and villages. The inland exclave of Hatta is located about 134 km east of Dubai City. It is bordered by Oman to the east and south, the villages of Sayh Mudayrah and Masfout in Ajman to the west, and Ras Al Khaimah to the north. Emirate of Dubai The Emirate of Dubai (; pr. ) is one of
Central Bank of the United Arab Emirates Central Bank of the United Arab Emirates The Central Bank of the United Arab Emirates () is the state institution responsible for managing the currency, monetary policy and banking regulation in the United Arab Emirates (UAE). It was established on as the United Arab Emirates Currency Board. This followed the creation of the UAE as an independent state in 1971. The original purpose of the UAE Currency Board was to issue an independent currency for the new state to replace the existing currencies in use: the Qatari riyal and the Bahraini Dinar. The new UAE dirham entered circulation on the