Article (23) Financial Agent of the Government

(a) The Central Bank shall be the banker to the Government and shall act as its financial agent. It is the place where the government deposits its funds.
(b) The Central Bank may provide the services referred to in the previous paragraph to Government organizations and agencies and other public bodies.
(c) As an exception from the provisions of paragraph (a) of this Article, the Government may open and maintain accounts with any commercial bank and utilize the services of such banks under such terms and conditions as shall be agreed upon between the Minister and the Central Bank.
(d) The Central Bank shall receive and disburse government funds and shall keep the relevant accounts without collecting any charges or interest for such services. The Central Bank shall not pay any interest on the Bahraini Dinars credit balances of the Government.