Referring to the Central Bank's approval of cash deposit procedures for Category (A) exchange companies directly at the branches of the Central Bank.
It is required that banks operating in the Kingdom sign an agreement with Category (A) exchange companies that includes the procedures for cash deposits made by these companies directly at the branches of the Central Bank, taking into account the content of the agreement and the conditions and procedures that must be adhered to by the banks and Category (A) exchange companies, which include the following:

1. The agreement must include a clause authorizing the exchange company to conduct the deposit on behalf of the bank.
2. Authorization of the bank to representatives of the exchange companies to conduct the deposit on its behalf, specifying their names and details, and that the exchange companies comply with the legal procedures for implementing deposit requirements according to the cash deposit policy applied by the Central Bank, as well as compliance with the Regulation for the Transfer of Cash and Precious Metals and the approved executive regulation for this purpose.
3. Commitment of exchange companies to precautionary measures for importing Riyals concerning the safety of those funds and the reliability of the foreign exchange companies they deal with, ensuring the validity of their licenses.
4. Commitment of exchange companies to the counting and sorting instructions issued by the Central Bank and the resulting responsibility for discrepancies or counterfeit currency. The bank shall be liable to the Central Bank for such cases and will deduct from the exchange company accordingly.
5. Adoption of procedures for placing identification cards for the exchange companies on the supplied links to the branches, stamped with the bank's name as a document to prove discrepancies or counterfeit currency.