Regulatory Alerts2020-10-28
Providing small denominations and coins
The Saudi Arabian Monetary Authority mandates that all banks operating in the Kingdom maintain sufficient quantities of small denominations and coins to fulfill public requests for obtaining or exchanging them across all branches. This requirement ensures continuous currency availability for individual and corporate clients, reinforced by scheduled field inspections of cash centers and bank branches. Banks must comply with these provisions to guarantee accessible, adequate currency distribution nationwide.
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