The Central Bank of the UAE (CBUAE) is the country's monetary authority, established in 1980. It is responsible for issuing the Dirham, managing monetary policy, maintaining the AED-USD peg, supervising banks and financial institutions, and managing the country's foreign exchange reserves. The CBUAE also regulates payment systems, combats money laundering and terrorist financing, and ensures the stability of the UAE's financial system. Its headquarters are in Abu Dhabi.