Based on the powers granted to SAMA under paragraph (C) of Article Fifteen of The rules governing money changing business issued by Ministerial Decision No. (1357) dated 01/05/1432 H, which states that "The Central Bank may issue any instructions deemed necessary for implementing supervisory and regulatory requirements on money exchange activities".

In order to achieve the objectives of the kingdom's Vision 2030, SAMA emphasizes that all positions in the exchange sector must be restricted to Saudi citizens. It is essential to train Saudi employees and enroll them in training programs suitable for their roles. Money exchange institutions and companies must immediately start implementing the necessary measures to ensure full compliance with this circular and provide us with a Saudization plan for all positions within two weeks from the date of this notice. The complete Saudization of all positions must be achieved within one year from this date. Please note that SAMA will take all necessary regulatory actions against institutions and companies that do not comply with these requirements.