Our History
Bahrain’s Trusted Money Exchange Company Since 1993
Our Journey
For over three decades, NEC has been a cornerstone of trusted money exchange in Bahrain. As the first Western Union agent in the Kingdom of Bahrain, NEC helped pioneer the global remittance business across the Middle East, laying the foundation for what is today a trusted name in money exchange in Bahrain.
License by the Central Bank of Bahrain
When NEC was originally founded in 1993, we were registered with the Ministry of Industry and Commerce (MOIC) and approved by the Central Bank of Bahrain as a licensed Money Changer. And we’ve held this license for over three decades without interruption.
This licensing means every currency exchange and money transfer transaction at NEC is conducted under the Kingdom’s national financial compliance framework, including anti-money-laundering (AML) controls and customer due diligence standards.
Why Bahrain Trusts NEC
Three decades of licensed, secure currency exchange and money transfer service have made NEC a trusted name across the Kingdom.
Fully Licensed &
Regulated
Approved by the Central Bank of Bahrain as a Money Changer, meeting national compliance standards on every transaction.
Decades of
Experience
Serving Bahrain since 1993, NEC brings over 30 years of trusted currency exchange and remittance expertise.
Pioneer Western
Union agent
As the Kingdom’s first Western Union agent, NEC helped shape how Bahrain sends and receives international money transfers.
Secure & Compliant
Transactions
Every currency exchange and money transfer is processed under strict regulatory oversight, protecting customers at every step.
Our Commitment
Security and compliance are not add-ons at NEC, they are the foundation the company was built on. Every branch operates under the anti-money-laundering and counter-terrorism-financing controls required by the Central Bank of Bahrain, with staff trained in customer due diligence and transaction monitoring. This regulatory discipline is why individuals and businesses across Bahrain continue to choose NEC for currency exchange and money transfer they can trust.
A Complete Financial Partner Today
What began as one money exchange counter in 1993 has grown into a full suite of financial services trusted by individuals and businesses across Bahrain. Today, NEC offers competitive money exchange rates for major world currencies, fast and secure Bahrain money transfer through Western Union and NEC Remit, gold bar purchases for individuals looking to diversify savings, and school fee remittance services for parents supporting children studying abroad. Corporate clients rely on NEC’s wholesale currency service, corporate registration support, and payroll solutions to manage multi-currency cash needs efficiently.
Frequently Asked Questions
Is NEC a licensed money changer in Bahrain?
Yes. NEC is licensed by the Central Bank of Bahrain as a Money Changer, a status it has held since it was founded in 1993 as Nonoo Exchange Company.
How long has NEC been offering currency exchange in Bahrain?
NEC has provided currency exchange in Bahrain for over 30 years, since its founding in 1993.
Is NEC a licensed money changer in Bahrain?
Yes. NEC was the first agent for Western Union Money Transfer in the Kingdom of Bahrain, helping pioneer international remittance services in the region.
Experience Decades of Trusted Currency Exchange in Bahrain
From our first Western Union counter in 1993 to a full range of financial services today, NEC remains Bahrain’s trusted choice.
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