Providing Coins

In the Name of Allah, the Most Gracious, the Most Merciful Saudi Arabian Monetary Authority (SAMA) Head Office

Currency Department

9041075724

Reference No.: 391000040537
Date: 1439/04/09
Attachments:

Circular

Subject: Providing Coins

To the Esteemed, ........................................................
Peace, mercy, and blessings of Allah be upon you,

With reference to the exchange of paper rials for coin rials, and the commencement of their introduction into circulation, and the necessity of trading coin currency as an integral part of the national currency, whether in one-rial denominations or their fractions and multiples; and given the observed lack of coin currency in the vaults of some banks upon request by bank customers and commercial establishments, and emphasizing the importance of banks providing coin currency to all their clients.

Therefore, you are required to provide coin currency in all its denominations across all bank branches, ensuring that it is available at ATMs within the daily cash entrusted to them. This will be verified through inspection rounds conducted by the Authority. You may also request coin currency via SAMA Net, noting that the Authority's branches are ready to fulfill all your needs regarding it.

Yours sincerely,

Abdulaziz bin Saleh Al-Farih
Deputy Governor

Distribution Scope:

• All banks operating in the Kingdom.
• Authority branches.
• Currency Department with its divisions.

P.O. Box 2992, Riyadh 11169 | Tel: +966 11 4633000 | Fax: +966 11 4662980 | Email: currency@sama.gov.sa