Skip to main content

Providing Small Denominations and Coins

No: 42015321 Date(g): 27/10/2020 | Date(h): 11/3/1442 Status: In-Force

Translated Document

Referring to the instructions of SAMA communicated under Circular No. 341000111354 dated 15/09/1434 H regarding the acceptance and exchange of banknotes and coins by banks operating in the Kingdom to meet public demand.

Accordingly, SAMA emphasizes the need of having sufficient quantities of small denomination banknotes and coins to meet the public's requests for obtaining or exchanging them. This should be made available to everyone at all branches.

For your information and action accordingly, please note that SAMA will conduct field visits to cash centers and bank branches to ensure the availability of various small denominations and coins for individual and corporate customers.