Acceptance and Receipt of all Denominations of Saudi Banknotes to Banks from Customers
| No: 406/BC/290 | Date(g): 25/1/1992 | Date(h): 21/7/1412 | Status: In-Force |
Effective from 1992-01-25 - Jan 24 1992
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SAMA and its branches have received complaints from the operations of automatic sales machines to the effect that some banks refuse to accept the deposit of banknotes in one SR category. Some of SAMA branches were obliged, as a temporary solution to this problem, to replace the revenue of such operations on a daily basis.
SAMA regrets this behavior by some banks and stresses on all banks to accept all Saudi currency categories for deposit or replacement and to notify all their branches to act accordingly.