Provision of Small Denominations and Coins

Saudi Central Bank

Reference: 45071147
Date: 15-11-1445
Attachments: None

Circular

Dear Sirs,

Peace, mercy, and blessings of God be upon you,

Subject: Provision of Small Denominations and Coins.

Based on the authorities of the Saudi Central Bank to issue instructions related to financial institutions and their operations in accordance with the provisions of its system issued by Royal Decree No. (M/36) dated 11/04/1442 AH. And to the Saudi Central Bank's supplementary circular No. (42015321) dated 11/03/1442 AH regarding the instructions communicated pursuant to Circular No. (341000111354) dated 15/09/1434 AH regarding the necessity for banks and banks operating in the Kingdom to ensure the public's requirements for small denomination banknotes and coins.

Therefore: The Saudi Central Bank emphasizes to all banks and banks the necessity of having sufficient quantities of small denomination banknotes and coins to meet public requests related to obtaining or exchanging them, and that this be available to everyone and in all branches.

For information and action, please note that the Saudi Central Bank will conduct field visits to cash centers and branches of banks and banks to ensure the availability of various small denomination banknotes and coins for individual and corporate customers.

Accept my regards,

Yazid bin Ahmed Al Sheikh
Deputy Governor for Supervision

Distribution Scope:
Banks and financial institutions operating in the Kingdom

P.O. Box 2992 Riyadh 11169 Kingdom of Saudi Arabia Phone: +966 11 463 3000