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Providing Small Denominations and Coins

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

Effective from 2020-10-27 - Oct 26 2020
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Referring to the instructions of the Central Bank reported through Circular No. 341000111354 dated 15/09/1434 AH on the necessity for banks and financial institutions operating in the Kingdom to ensure the provision of small currency denominations and coins to meet public demand.

Accordingly, the central bank emphasizes the necessity 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 the Central Bank 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.