Acceptance and Exchange of Banknotes and Coins
| No: 321000015864 | Date(g): 12/6/2011 | Date(h): 11/7/1432 |
Translated Document
Effective from Jun 12 2011 - Jun 11 2011
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Reference to SAMA circulars regarding the acceptance and exchange of banknotes and coins (specifically the one riyal and five riyals denominations), including:
| Circular Number | Date | ||||
| 1) | 1419/ M A /40 | 04/02/1407 H | |||
| 2) | 406/ M A /290 | 21/07/1412 H | |||
| 3) | 1941/ M A T /95 | 05/02/1418 H |
In light of the observation that some banks have not adhered to the contents of these circulars and have hesitated to accept and exchange small denominations of banknotes and coins, SAMA would like to emphasize the importance of full compliance with the aforementioned circulars.
In light of the observation that some banks have not adhered to the contents of these circulars and have hesitated to accept and exchange small denominations of banknotes and coins, SAMA would like to emphasize the importance of full compliance with the aforementioned circulars.