Regulatory Alerts2020-03-09
Controls and Procedures to Be Followed When Handling Paper Currency and Coins
The Saudi Central Bank issued a circular mandating all banks and cash centers to implement eleven specific health and safety controls for handling paper currency and coins, including providing staff with masks, plastic gloves, non-contact thermometers, and sanitizers containing at least 60% alcohol. The directive requires continuous disinfection of operating floors, tables, counting machines, and storage containers, alongside the use of hazmat suits for currency isolation areas in high-exposure zones. Furthermore, it establishes a cross-bank working group to coordinate cash handling operations and requests the prompt nomination of cash operation specialists to join the team.
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