Book traversal links for توفير الفئات النقدية الصغيرة والعملات المعدنية
Provide Small Denominations and Coins
No: 000045071147 | Date(g): 22/5/2024 | Date(h): 15/11/1445 |
Translated Document
Effective from 2024-05-22 - May 21 2024
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Based on the powers of SAMA to issue instructions related to financial institutions and their business in accordance with the provisions of its law issued by Royal Decree No. (M/36) dated 11/04/1442 H, and to SAMA's supplementary Circular No. (42015321) dated 11/03/1442 H regarding the instructions notified by Circular No. (341000111354) dated 15/09/1434 H regarding the necessity for banks operating in the Kingdom to secure the public's requirements for small monetary denominations and coins.
Accordingly, SAMA stresses to all banks the need to have sufficient quantities of small denominations and coins to meet the public's requests for obtaining or replacing them, and to be available to everyone and in all branches.
Note that SAMA will conduct field tours to cash centers and bank branches to ensure the availability of various small denominations of cash and coins for individual and corporate customers.