Regulatory Alerts2020-10-28
Added · Updated
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.
More like this from SAMA
SAMA published 1 document in the last 30 days. We email you each new one the day it's published.
Topics
monetary
Share