Central URA Organization LLC (CUO”), the URA Monetary System supervisory authority, is primarily responsible for ensuring that all participants conduct their businesses according to the relevant regulations to achieve a sound, efficient, and stable financial system that serves as the facilitator for wealth creation, economic growth, and development. CUO carries out the following supervisory responsibilities:

• Regulate, supervise, and direct the URA Monetary System to ensure the smooth operation of a safe and sound financial system.
• Enforce respect, adherence, and compliance with statutory and regulatory requirements. The laws and rules governing operations have provisions regarding licensing, withdrawal of license, and arrangement for examining and monitoring approved participants, powers, and duties, as well as protection of supervisory organizations acting on behalf of CUO.
• Protect and secure the reserve assets and depositors’ funds.
• Ensure the solvency, good quality assets, adequate liquidity, and profitability of deposit-taking financial institutions are maintained.
• Ensure fair competition among participants. CUO is responsible for the prevention of and redress for anti-competitive practices and the removal of constraints on the free play of competition in the Ura market.
• Enable efficient payment systems.